Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Strong Trading Volume – Still a Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw an uptick in trading volume on Tuesday . Approximately 332,029 shares traded hands 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 Trading Up 1.4 %

The stock’s 50-day moving average price is $75.65 and its 200-day moving average price is $70.37. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC boosted its position in shares of Amplify Cybersecurity ETF by 9.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,218 shares of the company’s stock worth $389,000 after purchasing an additional 453 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Amplify Cybersecurity ETF by 2.7% during the 4th quarter. Diversify Advisory Services LLC now owns 8,771 shares of the company’s stock worth $650,000 after buying an additional 229 shares during the period. HighTower Advisors LLC boosted its holdings in Amplify Cybersecurity ETF by 3.6% in the third quarter. HighTower Advisors LLC now owns 70,655 shares of the company’s stock worth $4,818,000 after acquiring an additional 2,487 shares in the last quarter. Vigilare Wealth Management acquired a new stake in Amplify Cybersecurity ETF in the third quarter valued at approximately $1,172,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Amplify Cybersecurity ETF during the second quarter valued at approximately $413,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.