Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – Time to Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Tuesday . Approximately 332,029 shares were traded during trading, an increase of 173% from the previous session’s volume of 121,648 shares.The stock last traded at $78.03 and had previously closed at $76.57.

Amplify Cybersecurity ETF Stock Up 2.7 %

The firm has a market capitalization of $2.24 billion, a P/E ratio of 32.94 and a beta of 1.41. The business has a 50-day moving average price of $75.40 and a 200-day moving average price of $70.25.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in shares of Amplify Cybersecurity ETF by 22.1% during the 2nd quarter. Bank of Montreal Can now owns 10,060 shares of the company’s stock valued at $654,000 after acquiring an additional 1,822 shares in the last quarter. Creative Planning lifted its holdings in shares of Amplify Cybersecurity ETF by 9.9% during the second quarter. Creative Planning now owns 15,847 shares of the company’s stock valued at $1,026,000 after acquiring an additional 1,422 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Amplify Cybersecurity ETF by 34.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,340 shares of the company’s stock valued at $281,000 after purchasing an additional 1,102 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Amplify Cybersecurity ETF by 3.5% in the 2nd quarter. Cetera Investment Advisers now owns 63,076 shares of the company’s stock worth $4,083,000 after purchasing an additional 2,159 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the 2nd quarter worth about $413,000.

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.