Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Falls 2% – Here’s What Happened

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT)’s stock price fell 2% during mid-day trading on Wednesday. The company traded as low as $14.47 and last traded at $14.54. 27,341 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 68,593 shares. The stock had previously closed at $14.84.

Amplify Lithium & Battery Technology ETF Stock Performance

The company has a market cap of $112.31 million, a P/E ratio of 20.17 and a beta of 1.17. The firm has a 50 day moving average price of $15.14 and a 200-day moving average price of $15.60.

Institutional Trading of Amplify Lithium & Battery Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its position in Amplify Lithium & Battery Technology ETF by 65.1% in the 1st 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. Baron Financial Group LLC raised its position 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 valued at $214,000 after buying an additional 1,045 shares during the last quarter. Finally, Harbor Asset Planning Inc. lifted its stake in shares of Amplify Lithium & Battery Technology ETF by 71.0% in the first quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after buying an additional 876 shares during the period.

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.