Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Up 0% – Should You Buy?

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s share price was up 0% on Wednesday . The stock traded as high as $26.64 and last traded at $26.23. Approximately 21,579 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 45,173 shares. The stock had previously closed at $26.22.

Amplify Alternative Harvest ETF Stock Up 0.0%

The company has a market cap of $130.36 million, a P/E ratio of 16.86 and a beta of 1.14. The firm’s 50 day moving average is $25.25 and its two-hundred day moving average is $27.59.

Institutional Trading of Amplify Alternative Harvest ETF

Several institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of Amplify Alternative Harvest ETF by 4.4% in the first quarter. Cetera Investment Advisers now owns 16,028 shares of the company’s stock worth $369,000 after purchasing an additional 680 shares during the last quarter. OLD Mission Capital LLC grew its stake in shares of Amplify Alternative Harvest ETF by 65.5% in the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock worth $3,218,000 after purchasing an additional 42,752 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of Amplify Alternative Harvest ETF in the fourth quarter worth $36,000. Kestra Advisory Services LLC bought a new stake in shares of Amplify Alternative Harvest ETF in the fourth quarter worth $60,000. Finally, Marex Group plc grew its stake in shares of Amplify Alternative Harvest ETF by 68.0% in the fourth quarter. Marex Group plc now owns 10,007 shares of the company’s stock worth $298,000 after purchasing an additional 4,050 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. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.