Amplify Cybersecurity ETF (NYSEARCA:HACK) Stock Price Up 5.3% – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares were up 5.3% during trading on Monday . The stock traded as high as $114.25 and last traded at $115.6710. Approximately 98,753 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 166,340 shares. The stock had previously closed at $109.90.

Amplify Cybersecurity ETF Trading Up 7.3%

The business has a 50-day moving average of $111.38 and a 200 day moving average of $94.63. The firm has a market capitalization of $2.97 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently modified their holdings of HACK. NewEdge Advisors LLC lifted its holdings in shares of Amplify Cybersecurity ETF by 9.5% in the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after purchasing an additional 1,057 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Amplify Cybersecurity ETF by 14.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after purchasing an additional 1,000 shares in the last quarter. Baird Financial Group Inc. increased its stake in Amplify Cybersecurity ETF by 93.7% during the 2nd quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock valued at $2,384,000 after purchasing an additional 13,349 shares in the last quarter. Cerity Partners LLC raised its holdings in Amplify Cybersecurity ETF by 9.2% during the second quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock worth $3,448,000 after buying an additional 3,364 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Amplify Cybersecurity ETF by 6.7% during the second quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock worth $22,343,000 after buying an additional 16,186 shares during the last quarter.

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.