Independent Financial Group LLC Takes $3.37 Million Position in Amplify Cybersecurity ETF $HACK

Independent Financial Group LLC purchased a new position in shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 44,875 shares of the company’s stock, valued at approximately $3,370,000.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Amplify Cybersecurity ETF by 9.5% in the first quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock valued at $871,000 after acquiring an additional 1,057 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of 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 acquiring an additional 1,000 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of 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 acquiring an additional 13,349 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Amplify Cybersecurity ETF by 9.2% in the 2nd quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock valued at $3,448,000 after purchasing an additional 3,364 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Amplify Cybersecurity ETF by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock valued at $22,343,000 after purchasing an additional 16,186 shares during the period.

Amplify Cybersecurity ETF Stock Up 0.9%

NYSEARCA:HACK opened at $111.04 on Friday. Amplify Cybersecurity ETF has a 12-month low of $69.66 and a 12-month high of $115.50. The stock’s fifty day simple moving average is $99.11 and its 200-day simple moving average is $85.19. The firm has a market capitalization of $2.77 billion, a P/E ratio of 35.67 and a beta of 0.85.

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.