Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Reaches New 52-Week High – What’s Next?

Shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) hit a new 52-week high on Tuesday . The stock traded as high as $72.33 and last traded at $72.00, with a volume of 504830 shares. The stock had previously closed at $70.31.

Amplify Transformational Data Sharing ETF Price Performance

The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 24.76 and a beta of 1.50. The firm’s 50-day moving average is $61.64 and its 200 day moving average is $52.61.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Large investors have recently modified their holdings of the company. Kaizen Financial Strategies boosted its holdings in Amplify Transformational Data Sharing ETF by 1.0% in the 2nd quarter. Kaizen Financial Strategies now owns 20,330 shares of the company’s stock worth $1,161,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Amplify Transformational Data Sharing ETF by 13.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,924 shares of the company’s stock valued at $110,000 after purchasing an additional 225 shares during the period. Nwam LLC boosted its stake in shares of Amplify Transformational Data Sharing ETF by 0.4% in the first quarter. Nwam LLC now owns 83,128 shares of the company’s stock valued at $3,066,000 after purchasing an additional 329 shares during the period. Traction Financial Partners LLC grew its holdings in Amplify Transformational Data Sharing ETF by 2.3% during the 2nd quarter. Traction Financial Partners LLC now owns 15,373 shares of the company’s stock valued at $878,000 after purchasing an additional 352 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Amplify Transformational Data Sharing ETF by 34.8% during the first quarter. Mather Group LLC. now owns 1,395 shares of the company’s stock worth $51,000 after acquiring an additional 360 shares during the last quarter.

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.