Meridian Wealth Management LLC Has $3 Million Stock Holdings in Amplify Cybersecurity ETF (NYSEARCA:HACK)

Meridian Wealth Management LLC increased its stake in shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,276 shares of the company’s stock after buying an additional 8,400 shares during the period. Meridian Wealth Management LLC owned 0.14% of Amplify Cybersecurity ETF worth $3,000,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bryn Mawr Capital Management LLC raised its position in shares of Amplify Cybersecurity ETF by 6,396.9% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 207,900 shares of the company’s stock worth $15,486,000 after acquiring an additional 204,700 shares during the last quarter. Benjamin Edwards Inc. increased its position in Amplify Cybersecurity ETF by 2,657.9% in the third quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock worth $8,636,000 after purchasing an additional 121,916 shares during the period. BFI Infinity Ltd. bought a new stake in Amplify Cybersecurity ETF during the 4th quarter worth about $7,967,000. Capital Investment Advisory Services LLC boosted its stake in shares of Amplify Cybersecurity ETF by 2.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 83,582 shares of the company’s stock valued at $6,226,000 after purchasing an additional 1,742 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Amplify Cybersecurity ETF by 3.6% in the 3rd quarter. HighTower Advisors LLC now owns 70,655 shares of the company’s stock valued at $4,818,000 after purchasing an additional 2,487 shares during the last quarter.

Amplify Cybersecurity ETF Price Performance

HACK opened at $74.71 on Tuesday. The firm has a 50 day simple moving average of $77.71 and a 200 day simple moving average of $72.93. Amplify Cybersecurity ETF has a fifty-two week low of $58.33 and a fifty-two week high of $82.83. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

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.