Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Shares Down 2% – What’s Next?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) shares were down 2% during trading on Wednesday. The stock traded as low as $14.47 and last traded at $14.54. 27,341 shares were traded during mid-day trading, a decline of 60% from the average session volume of 68,593 shares. The stock had previously closed at $14.84.

Amplify Lithium & Battery Technology ETF Stock Down 2.0%

The stock has a fifty day moving average of $15.14 and a two-hundred day moving average of $15.59. The stock has a market cap of $111.23 million, a price-to-earnings ratio of 20.17 and a beta of 1.17.

Institutional Investors Weigh In On Amplify Lithium & Battery Technology ETF

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of Amplify Lithium & Battery Technology ETF by 65.1% during the 1st quarter. Cetera Investment Advisers now owns 65,604 shares of the company’s stock worth $977,000 after purchasing an additional 25,870 shares during the period. Baron Financial Group LLC lifted its stake in shares of Amplify Lithium & Battery Technology ETF by 8.1% in the second quarter. Baron Financial Group LLC now owns 13,925 shares of the company’s stock valued at $214,000 after purchasing an additional 1,045 shares during the period. Finally, Harbor Asset Planning Inc. lifted its stake in shares of Amplify Lithium & Battery Technology ETF by 71.0% in the first quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares during the period.

Amplify Lithium & Battery Technology ETF Company Profile

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.