Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Unusually-High Trading Volume – Still a Buy?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw an uptick in trading volume on Friday . 841,554 shares traded hands during trading, an increase of 118% from the previous session’s volume of 385,680 shares.The stock last traded at $64.8310 and had previously closed at $64.26.

Amplify Transformational Data Sharing ETF Stock Performance

The company’s 50-day moving average price is $60.65 and its 200 day moving average price is $62.40. The stock has a market capitalization of $1.31 billion, a P/E ratio of 24.76 and a beta of 2.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Amplify Transformational Data Sharing ETF in the third quarter worth about $27,000. Private Trust Co. NA raised its holdings in shares of Amplify Transformational Data Sharing ETF by 509.6% during the 2nd quarter. Private Trust Co. NA now owns 573 shares of the company’s stock worth $33,000 after acquiring an additional 479 shares during the period. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Amplify Transformational Data Sharing ETF during the 2nd quarter worth about $36,000. Sound Income Strategies LLC grew its stake in shares of Amplify Transformational Data Sharing ETF by 69.0% in the third quarter. Sound Income Strategies LLC now owns 485 shares of the company’s stock valued at $36,000 after buying an additional 198 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in Amplify Transformational Data Sharing ETF in the second quarter valued at $43,000.

About Amplify Transformational Data Sharing ETF

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.