Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 52-Week High – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price reached a new 52-week high on Monday. The stock traded as high as $131.99 and last traded at $131.5370, with a volume of 258,433 shares trading hands. The stock had previously closed at $127.83.

Amplify Cybersecurity ETF Price Performance

The stock has a market cap of $3.71 billion, a P/E ratio of 35.67 and a beta of 0.84. The business’s fifty day moving average price is $118.22 and its 200 day moving average price is $104.42.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HACK. Valley National Advisers Inc. acquired a new stake in Amplify Cybersecurity ETF during the 3rd quarter worth about $64,000. Evolution Wealth Management Inc. boosted its holdings in shares of Amplify Cybersecurity ETF by 51.8% during the 1st quarter. Evolution Wealth Management Inc. now owns 580 shares of the company’s stock worth $44,000 after buying an additional 198 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of Amplify Cybersecurity ETF by 292.0% in the 1st quarter. Y.D. More Investments Ltd now owns 588 shares of the company’s stock valued at $43,000 after acquiring an additional 438 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Amplify Cybersecurity ETF by 27.1% during the first quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock worth $48,000 after acquiring an additional 136 shares in the last quarter. Finally, Signaturefd LLC bought a new stake in Amplify Cybersecurity ETF in the third quarter valued at $78,000.

About Amplify Cybersecurity ETF

The ETFMG Prime Cyber Security ETF (HACK) is an exchange-traded fund that is based on the Prime Cyber Defense index. The fund tracks a tiered, equal-weighted index that targets companies actively involved in providing cybersecurity technology and services.