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ETFMG Prime Cyber Security ETF (HACK) - Wall Street’s Best Digest Top Picks Daily Alert - 1/5/21

Included are the top five holdings in this technology ETF.

The top five holdings in this technology ETF are: Cloudflare Inc (NET, 5.21% of assets); Cisco Systems Inc (CSCO, 3.34%); Palo Alto Networks Inc (PANW, 3.20%); ETFMG Sit Ultra Short ETF (VALT, 2.91%); and SailPoint Technologies Holdings Inc (SAIL, 2.83%)

ETFMG Prime Cyber Security ETF (HACK)
From The Personal Capitalist

2021 looks good for Cybersecurity stocks. Cybersecurity spending will increase as more companies plan to protect assets, following the recent SolarWinds hack, that compromised state agencies and corporations.

Long term investors should go ahead and purchase this popular ETF. It has risen dramatically in 2020, up 38% year-to-date with a low of $30.29 on March 16. From that low it is up some 90% toward the end of 2020.

Therefore, it is prudent for the short-term investor to look for a better buy point, perhaps in the 40s. An economic rebound could prove to be exciting for this ETF as companies scramble regarding their Cybersecurity. Investing in this important sector makes perfect sense in this crazy environment.

Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, December 31, 2020