Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 52-Week High – Time to Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $80.41 and last traded at $80.54, with a volume of 38601 shares. The stock had previously closed at $79.52.

Amplify Cybersecurity ETF Price Performance

The stock has a market capitalization of $2.30 billion, a P/E ratio of 32.94 and a beta of 1.41. The stock has a 50 day moving average price of $75.96 and a 200-day moving average price of $70.73.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HACK. Ashton Thomas Securities LLC bought a new position in shares of Amplify Cybersecurity ETF during the 3rd quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Amplify Cybersecurity ETF in the third quarter worth approximately $27,000. NBC Securities Inc. purchased a new stake in shares of Amplify Cybersecurity ETF in the third quarter worth $31,000. First Horizon Advisors Inc. bought a new stake in shares of Amplify Cybersecurity ETF during the 3rd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $46,000.

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.