Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Up 4.6% – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s stock price was up 4.6% on Tuesday . The company traded as high as $24.82 and last traded at $24.76. Approximately 43,108 shares were traded during trading, an increase of 2% from the average session volume of 42,310 shares. The stock had previously closed at $23.67.

Amplify Alternative Harvest ETF Trading Up 0.3%

The stock has a market cap of $111.61 million, a price-to-earnings ratio of 16.86 and a beta of 1.14. The company’s fifty day moving average is $24.39 and its two-hundred day moving average is $25.22.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in Amplify Alternative Harvest ETF by 42.3% in the first quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock valued at $3,561,000 after buying an additional 54,316 shares during the last quarter. OLD Mission Capital LLC grew its position in shares of Amplify Alternative Harvest ETF by 65.5% during the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock worth $3,218,000 after acquiring an additional 42,752 shares during the last quarter. Group One Trading LLC purchased a new position in shares of Amplify Alternative Harvest ETF during the third quarter worth approximately $379,000. Marex Group plc increased its holdings in shares of Amplify Alternative Harvest ETF by 68.0% in the 4th quarter. Marex Group plc now owns 10,007 shares of the company’s stock valued at $298,000 after acquiring an additional 4,050 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Amplify Alternative Harvest ETF in the 2nd quarter valued at $58,000.

About Amplify Alternative Harvest ETF

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.