The top five holdings of this cybersecurity ETF are: Cisco Systems Inc (CSCO, 3.83% of assets); Splunk Inc (SPLK, 3.54%); Proofpoint Inc (PFPT, 3.48%); Palo Alto Networks Inc (PANW, 3.46%); and Symantec Corp (SYMC, 3.39%).
ETFMG Prime Cyber Security ETF (HACK)
From Positive Patterns
I think ETFMG Prime Cyber Security ETF (HACK) is a good idea for the next five years—if not longer. Ten years ago, the Cybersecurity budget at most companies was next to zero and now it is a rising part of the budget with no end in sight. In fact, many organizations are way behind with internet/security, including Equifax, Capital One, and too many others to mention here. We will all be spending more on Cybersecurity.
We see the “weak” (too cheap?) exposed, and they get hit. The cost is big, and they will be forced to spend more on this sector; they have no choice.
And HACK, below $40, is a good buy. It is speculative, but buying this ETF is a good way to gain exposure to the sector.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, August 16, 2019