Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Strong Trading Volume – Here’s What Happened

Shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw unusually-strong trading volume on Monday . Approximately 643,345 shares were traded during mid-day trading, an increase of 66% from the previous session’s volume of 386,934 shares.The stock last traded at $62.45 and had previously closed at $61.07.

Amplify Transformational Data Sharing ETF Stock Up 3.1%

The business has a fifty day moving average price of $59.81 and a 200 day moving average price of $58.59. The company has a market capitalization of $1.24 billion, a P/E ratio of 24.76 and a beta of 2.15.

Institutional Trading of Amplify Transformational Data Sharing ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in Amplify Transformational Data Sharing ETF by 14.2% during the third quarter. Envestnet Asset Management Inc. now owns 150,481 shares of the company’s stock worth $10,088,000 after purchasing an additional 18,713 shares during the period. Gradient Investments LLC grew its holdings in Amplify Transformational Data Sharing ETF by 14.7% during the fourth quarter. Gradient Investments LLC now owns 489,567 shares of the company’s stock worth $27,851,000 after purchasing an additional 62,622 shares during the period. Elwood & Goetz Wealth Advisory Group LLC bought a new position in Amplify Transformational Data Sharing ETF during the fourth quarter worth about $586,000. Northwestern Mutual Wealth Management Co. grew its holdings in Amplify Transformational Data Sharing ETF by 18,704.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,263,162 shares of the company’s stock worth $242,531,000 after purchasing an additional 4,240,491 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings in Amplify Transformational Data Sharing ETF by 33.3% during the third quarter. Wealthfront Advisers LLC now owns 51,297 shares of the company’s stock worth $3,439,000 after purchasing an additional 12,824 shares during the period.

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.