Amplify Video Game Leaders ETF (NYSEARCA:GAMR) Stock Price Up 1.2% – Still a Buy?

Amplify Video Game Leaders ETF (NYSEARCA:GAMR) shot up 1.2% during trading on Monday. The stock traded as high as $101.31 and last traded at $101.31. Approximately 373 shares were traded during trading, a decline of 65% from the average daily volume of 1,069 shares. The stock had previously closed at $100.09.

Amplify Video Game Leaders ETF Stock Performance

The stock’s 50-day simple moving average is $97.31 and its 200 day simple moving average is $90.12. The company has a market capitalization of $41.54 million, a PE ratio of -281.42 and a beta of 1.17.

Hedge Funds Weigh In On Amplify Video Game Leaders ETF

A hedge fund recently bought a new position in Amplify Video Game Leaders ETF stock. Western Wealth Management LLC purchased a new stake in Amplify Video Game Leaders ETF (NYSEARCA:GAMR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 438 shares of the company’s stock, valued at approximately $33,000. Western Wealth Management LLC owned approximately 0.10% of Amplify Video Game Leaders ETF at the end of the most recent reporting period.

About Amplify Video Game Leaders ETF

The Wedbush ETFMG Video Game Tech ETF (GAMR) is an exchange-traded fund that is based on the ISE EEFund Video Game Tech index. The fund tracks an equity index of global firms that support, create or use video games. Stocks are assigned to pure-play, non-pure-play or conglomerate baskets, and weighted equally within each. GAMR was launched on Mar 8, 2016 and is managed by ETF Managers Group.