HighTower Advisors LLC Raises Position in Amplify Cybersecurity ETF (NYSEARCA:HACK)

HighTower Advisors LLC grew its position in Amplify Cybersecurity ETF (NYSEARCA:HACK) by 157.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,518 shares of the company’s stock after acquiring an additional 174,517 shares during the period. HighTower Advisors LLC owned about 1.09% of Amplify Cybersecurity ETF worth $20,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Meridian Wealth Management LLC boosted its holdings in shares of Amplify Cybersecurity ETF by 20.4% in the first quarter. Meridian Wealth Management LLC now owns 48,476 shares of the company’s stock valued at $3,481,000 after acquiring an additional 8,200 shares in the last quarter. Simplex Trading LLC lifted its stake in shares of Amplify Cybersecurity ETF by 84.5% in the first quarter. Simplex Trading LLC now owns 4,707 shares of the company’s stock valued at $337,000 after purchasing an additional 2,156 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Amplify Cybersecurity ETF by 104.8% in the first quarter. Benjamin Edwards Inc. now owns 256,164 shares of the company’s stock valued at $18,393,000 after purchasing an additional 131,060 shares during the period. Schnieders Capital Management LLC lifted its stake in shares of Amplify Cybersecurity ETF by 2.4% in the first quarter. Schnieders Capital Management LLC now owns 6,953 shares of the company’s stock valued at $499,000 after purchasing an additional 160 shares during the period. Finally, MGB Wealth Management LLC lifted its stake in shares of Amplify Cybersecurity ETF by 24.3% in the first quarter. MGB Wealth Management LLC now owns 20,505 shares of the company’s stock valued at $1,473,000 after purchasing an additional 4,002 shares during the period.

Amplify Cybersecurity ETF Stock Up 0.6%

Shares of NYSEARCA HACK opened at $82.90 on Friday. Amplify Cybersecurity ETF has a 52 week low of $61.59 and a 52 week high of $87.86. The firm has a 50-day moving average price of $84.50 and a 200 day moving average price of $79.13. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 35.67 and a beta of 0.93.

Amplify Cybersecurity ETF 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.