Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sets New 52-Week Low – Here’s Why

Shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) reached a new 52-week low on Thursday. The company traded as low as $46.37 and last traded at $46.79, with a volume of 80,359 shares trading hands. The stock had previously closed at $51.56.

Amplify Transformational Data Sharing ETF Stock Up 3.2%

The firm has a market cap of $836.74 million, a PE ratio of 24.76 and a beta of 2.14. The company’s 50 day moving average price is $59.27 and its two-hundred day moving average price is $59.30.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds have recently added to or reduced their stakes in BLOK. Godsey & Gibb Inc. purchased a new stake in Amplify Transformational Data Sharing ETF in the 3rd quarter worth about $27,000. Parallel Advisors LLC purchased a new position in shares of Amplify Transformational Data Sharing ETF during the third quarter valued at approximately $27,000. Group One Trading LLC bought a new position in shares of Amplify Transformational Data Sharing ETF during the first quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Amplify Transformational Data Sharing ETF during the first quarter valued at approximately $31,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of Amplify Transformational Data Sharing ETF during the third quarter valued at approximately $38,000.

About Amplify Transformational Data Sharing ETF

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.