Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 1-Year High – Still a Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $82.50 and last traded at $82.32, with a volume of 228320 shares trading hands. The stock had previously closed at $80.60.

Amplify Cybersecurity ETF Price Performance

The stock has a market cap of $2.35 billion, a PE ratio of 32.94 and a beta of 1.41. The business has a 50 day moving average price of $76.57 and a two-hundred day moving average price of $71.23.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of hedge funds have recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter worth about $26,000. Harbour Investments Inc. lifted its holdings in Amplify Cybersecurity ETF by 130.3% in the 4th quarter. Harbour Investments Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 198 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Amplify Cybersecurity ETF in the 3rd quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Amplify Cybersecurity ETF in the 3rd quarter worth approximately $27,000. Finally, NBC Securities Inc. bought a new position in shares of Amplify Cybersecurity ETF during the third quarter valued at approximately $31,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.