Amplify Alternative Harvest ETF (NYSEARCA:MJ) Stock Price Up 0.7% – What’s Next?

Amplify Alternative Harvest ETF (NYSEARCA:MJ) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $25.39 and last traded at $25.18. 12,972 shares were traded during trading, a decline of 74% from the average session volume of 50,580 shares. The stock had previously closed at $25.01.

Amplify Alternative Harvest ETF Trading Up 0.7%

The company has a 50-day moving average of $27.37 and a 200-day moving average of $30.56. The company has a market capitalization of $125.14 million, a price-to-earnings ratio of 16.86 and a beta of 1.24.

Institutional Trading of Amplify Alternative Harvest ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new position in shares of Amplify Alternative Harvest ETF during the 3rd quarter valued at approximately $35,000. Cetera Investment Advisers increased its holdings in Amplify Alternative Harvest ETF by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 15,348 shares of the company’s stock worth $457,000 after acquiring an additional 1,147 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new position in Amplify Alternative Harvest ETF during the fourth quarter worth $36,000. Simplex Trading LLC raised its position in Amplify Alternative Harvest ETF by 79.3% during the second quarter. Simplex Trading LLC now owns 2,858 shares of the company’s stock worth $51,000 after acquiring an additional 1,264 shares during the period. Finally, UBS Group AG lifted its holdings in Amplify Alternative Harvest ETF by 9.3% during the third quarter. UBS Group AG now owns 19,805 shares of the company’s stock valued at $740,000 after purchasing an additional 1,681 shares in the last quarter.

Amplify Alternative Harvest ETF Company Profile

The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.