Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 1-Year High – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Thursday . The company traded as high as $79.71 and last traded at $79.32, with a volume of 38320 shares trading hands. The stock had previously closed at $77.88.

Amplify Cybersecurity ETF Stock Performance

The company’s fifty day simple moving average is $75.76 and its two-hundred day simple moving average is $70.45. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of hedge funds have recently added to or reduced their stakes in HACK. Benjamin Edwards Inc. boosted its holdings in shares of Amplify Cybersecurity ETF by 2,657.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock valued at $8,636,000 after buying an additional 121,916 shares during the period. BFI Infinity Ltd. bought a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter valued at approximately $7,967,000. Ellis Investment Partners LLC acquired a new position in shares of Amplify Cybersecurity ETF during the third quarter worth approximately $3,074,000. Valley Wealth Managers Inc. bought a new position in Amplify Cybersecurity ETF in the 3rd quarter worth approximately $2,564,000. Finally, Meridian Wealth Management LLC acquired a new stake in Amplify Cybersecurity ETF in the 3rd quarter valued at approximately $2,176,000.

Amplify Cybersecurity ETF Company Profile

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.