Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Trading Up 2.6% – Here’s Why

Shares of Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) were up 2.6% during mid-day trading on Wednesday . The stock traded as high as $16.43 and last traded at $16.38. Approximately 52,221 shares changed hands during trading, a decline of 39% from the average daily volume of 85,127 shares. The stock had previously closed at $15.97.

Amplify Lithium & Battery Technology ETF Stock Up 2.6%

The firm has a fifty day moving average of $15.90 and a 200-day moving average of $14.99. The stock has a market capitalization of $123.67 million, a price-to-earnings ratio of 20.17 and a beta of 1.12.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Q3 Asset Management acquired a new position in Amplify Lithium & Battery Technology ETF during the fourth quarter worth $1,394,000. Farther Finance Advisors LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF in the fourth quarter worth $34,000. Secure Asset Management LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF in the fourth quarter worth $177,000. Baron Financial Group LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF in the fourth quarter worth $160,000. Finally, Harbor Asset Planning Inc. raised its holdings 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 worth $31,000 after acquiring an additional 876 shares during the last quarter.

About Amplify Lithium & Battery Technology ETF

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.