Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw strong trading volume on Wednesday . Approximately 341,596 shares were traded during mid-day trading, an increase of 145% from the previous session’s volume of 139,320 shares.The stock last traded at $111.08 and had previously closed at $114.29.

Amplify Cybersecurity ETF Stock Down 2.3%

The stock’s fifty day moving average is $97.53 and its 200-day moving average is $84.61. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 35.67 and a beta of 0.85.

Institutional Trading of Amplify Cybersecurity ETF

Large investors have recently made changes to their positions in the company. Florida Financial Advisors LLC increased its holdings in Amplify Cybersecurity ETF by 3.1% in the 1st quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock worth $313,000 after purchasing an additional 125 shares in the last quarter. AdvisorNet Financial Inc raised its position in Amplify Cybersecurity ETF by 27.1% in the first quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock valued at $48,000 after purchasing an additional 136 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Amplify Cybersecurity ETF by 1.4% during the third quarter. Tocqueville Asset Management L.P. now owns 10,669 shares of the company’s stock valued at $926,000 after purchasing an additional 145 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Amplify Cybersecurity ETF by 0.9% during the fourth quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock valued at $1,365,000 after purchasing an additional 151 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its holdings in shares of Amplify Cybersecurity ETF by 1.4% during the fourth quarter. O ROURKE & COMPANY Inc now owns 11,194 shares of the company’s stock worth $900,000 after purchasing an additional 154 shares during the last quarter.

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.