Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Trading 3.6% Higher – Still a Buy?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT)’s stock price shot up 3.6% on Friday . The stock traded as high as $16.00 and last traded at $15.98. Approximately 40,219 shares changed hands during trading, a decline of 47% from the average daily volume of 75,409 shares. The stock had previously closed at $15.43.

Amplify Lithium & Battery Technology ETF Price Performance

The company has a market cap of $128.64 million, a price-to-earnings ratio of 20.17 and a beta of 1.12. The business’s 50-day simple moving average is $15.11 and its 200-day simple moving average is $15.65.

Institutional Trading of Amplify Lithium & Battery Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baron Financial Group LLC grew its holdings in shares of Amplify Lithium & Battery Technology ETF by 8.1% during the second quarter. Baron Financial Group LLC now owns 13,925 shares of the company’s stock worth $214,000 after buying an additional 1,045 shares in the last quarter. Cetera Investment Advisers increased its position in Amplify Lithium & Battery Technology ETF by 65.1% during the first quarter. Cetera Investment Advisers now owns 65,604 shares of the company’s stock worth $977,000 after purchasing an additional 25,870 shares during the last quarter. Harbor Asset Planning Inc. raised its stake in Amplify Lithium & Battery Technology ETF by 71.0% during the first quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock worth $31,000 after purchasing an additional 876 shares during the period. Beacon Pointe Advisors LLC boosted its holdings in shares of Amplify Lithium & Battery Technology ETF by 8.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 12,839 shares of the company’s stock valued at $177,000 after purchasing an additional 968 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Amplify Lithium & Battery Technology ETF by 23.0% in the 4th quarter. Osaic Holdings Inc. now owns 19,117 shares of the company’s stock valued at $264,000 after purchasing an additional 3,579 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.