Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Up 1.3% – Here’s Why

Shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) shot up 1.3% during mid-day trading on Monday . The stock traded as high as $20.82 and last traded at $20.56. 52,145 shares were traded during trading, a decline of 32% from the average session volume of 76,402 shares. The stock had previously closed at $20.30.

Amplify Alternative Harvest ETF Price Performance

The company has a fifty day moving average of $24.39 and a two-hundred day moving average of $30.96. The stock has a market capitalization of $118.63 million, a P/E ratio of 16.72 and a beta of 1.25.

Hedge Funds Weigh In On Amplify Alternative Harvest ETF

Large investors have recently bought and sold shares of the business. Atria Investments Inc lifted its stake in Amplify Alternative Harvest ETF by 17.2% in the third quarter. Atria Investments Inc now owns 38,342 shares of the company’s stock valued at $127,000 after buying an additional 5,618 shares during the last quarter. Claro Advisors LLC bought a new stake in Amplify Alternative Harvest ETF in the 4th quarter valued at about $33,000. CreativeOne Wealth LLC lifted its position in Amplify Alternative Harvest ETF by 16.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 30,194 shares of the company’s stock valued at $100,000 after purchasing an additional 4,183 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Amplify Alternative Harvest ETF by 89.6% during the 3rd quarter. IHT Wealth Management LLC now owns 67,806 shares of the company’s stock valued at $224,000 after purchasing an additional 32,036 shares during the period. Finally, Prosperity Wealth Management Inc. grew its position in Amplify Alternative Harvest ETF by 40.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 198,047 shares of the company’s stock worth $444,000 after purchasing an additional 57,418 shares during the last quarter.

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.