Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Up 0.9% – Here’s What Happened

Shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) traded up 0.9% 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 Price Performance

The company’s 50-day moving average is $25.14 and its 200-day moving average is $25.93. The firm has a market capitalization of $101.70 million, a price-to-earnings ratio of 16.86 and a beta of 1.12.

Institutional Trading of Amplify Alternative Harvest ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MJ. OLD Mission Capital LLC grew its position in 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 valued at $3,218,000 after acquiring an additional 42,752 shares during the period. Cetera Investment Advisers raised its holdings in shares of Amplify Alternative Harvest ETF by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 15,348 shares of the company’s stock worth $457,000 after purchasing an additional 1,147 shares during the period. UBS Group AG lifted its stake in shares of 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. Jane Street Group LLC lifted 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 purchasing an additional 54,316 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Amplify Alternative Harvest ETF in the 4th quarter valued at about $60,000.

Amplify Alternative Harvest ETF Company Profile

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.