Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Price Up 3.6% – Should You Buy?

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

Amplify Lithium & Battery Technology ETF Stock Up 3.6%

The company has a market cap of $128.64 million, a P/E ratio of 20.17 and a beta of 1.12. The company’s 50-day moving average is $15.11 and its two-hundred day moving average is $15.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BATT. Harbor Asset Planning Inc. boosted its position 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 raised its position in shares of Amplify Lithium & Battery Technology ETF by 8.2% in the fourth 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 period. Baron Financial Group LLC raised its position in shares of Amplify Lithium & Battery Technology ETF by 8.1% in the second quarter. Baron Financial Group LLC now owns 13,925 shares of the company’s stock valued at $214,000 after purchasing an additional 1,045 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Amplify Lithium & Battery Technology ETF by 16.3% during the 2nd quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after buying an additional 1,565 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter valued at approximately $34,000.

Amplify Lithium & Battery Technology ETF Company Profile

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.