Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Strong Trading Volume – Here’s What Happened

Shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw unusually-high trading volume on Monday . Approximately 643,345 shares changed hands during trading, an increase of 66% from the previous session’s volume of 386,934 shares.The stock last traded at $62.45 and had previously closed at $61.07.

Amplify Transformational Data Sharing ETF Stock Up 3.1%

The firm has a market cap of $1.24 billion, a P/E ratio of 24.76 and a beta of 2.15. The business has a fifty day moving average of $59.81 and a 200 day moving average of $58.59.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC lifted its position in Amplify Transformational Data Sharing ETF by 1.0% during the first quarter. Western Wealth Management LLC now owns 25,298 shares of the company’s stock worth $1,260,000 after acquiring an additional 248 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Amplify Transformational Data Sharing ETF by 38.8% in the first quarter. Arkadios Wealth Advisors now owns 5,682 shares of the company’s stock valued at $283,000 after acquiring an additional 1,589 shares during the period. Royal Bank of Canada boosted its position in shares of Amplify Transformational Data Sharing ETF by 8.8% in the first quarter. Royal Bank of Canada now owns 132,873 shares of the company’s stock valued at $6,619,000 after acquiring an additional 10,739 shares during the period. Group One Trading LLC bought a new stake in shares of Amplify Transformational Data Sharing ETF in the first quarter valued at about $28,000. Finally, Lido Advisors LLC bought a new stake in shares of Amplify Transformational Data Sharing ETF in the first quarter valued at about $212,000.

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.