Amplify Alternative Harvest ETF (NYSEARCA:MJ) Stock Price Up 1.1% – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s stock price was up 1.1% during mid-day trading on Wednesday . The company traded as high as $24.27 and last traded at $24.05. 34,601 shares traded hands during trading, a decline of 22% from the average daily volume of 44,304 shares. The stock had previously closed at $23.78.

Amplify Alternative Harvest ETF Trading Up 1.1%

The stock’s 50-day moving average is $26.19 and its 200-day moving average is $26.98. The stock has a market cap of $119.53 million, a price-to-earnings ratio of 16.86 and a beta of 1.12.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in shares of Amplify Alternative Harvest ETF by 42.3% in 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. OLD Mission Capital LLC boosted its position in Amplify Alternative Harvest ETF by 65.5% during the 4th quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock worth $3,218,000 after purchasing an additional 42,752 shares during the period. UBS Group AG increased its holdings in Amplify Alternative Harvest ETF by 9.3% in the 3rd quarter. UBS Group AG now owns 19,805 shares of the company’s stock valued at $740,000 after purchasing an additional 1,681 shares in the last quarter. Cetera Investment Advisers increased its holdings in Amplify Alternative Harvest ETF by 4.4% in the 1st quarter. Cetera Investment Advisers now owns 16,028 shares of the company’s stock valued at $369,000 after purchasing an additional 680 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in Amplify Alternative Harvest ETF in the third quarter valued at about $379,000.

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.