Amplify Alternative Harvest ETF (NYSEARCA:MJ) Shares Up 0.9% – Here’s Why

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s stock price traded up 0.9% during trading on Tuesday . The stock traded as high as $23.69 and last traded at $23.51. Approximately 13,934 shares changed hands during trading, a decline of 68% from the average daily volume of 44,126 shares. The stock had previously closed at $23.31.

Amplify Alternative Harvest ETF Trading Up 0.9%

The company has a market capitalization of $103.91 million, a PE ratio of 16.86 and a beta of 1.12. The stock’s 50-day moving average is $25.20 and its two-hundred day moving average is $25.98.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in Amplify Alternative Harvest ETF by 42.3% during the 1st quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock valued at $3,561,000 after acquiring an additional 54,316 shares during the period. Raymond James Financial Inc. purchased a new stake in Amplify Alternative Harvest ETF in the second quarter worth $58,000. Group One Trading LLC purchased a new stake in Amplify Alternative Harvest ETF in the third quarter worth $379,000. UBS Group AG increased its stake in Amplify Alternative Harvest ETF by 9.3% in the third quarter. UBS Group AG now owns 19,805 shares of the company’s stock worth $740,000 after purchasing an additional 1,681 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Amplify Alternative Harvest ETF during the fourth quarter worth $95,000.

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.