Amplify Alternative Harvest ETF (NYSEARCA:MJ) Shares Climb 5.8% – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ) shares traded up 5.8% during mid-day trading on Tuesday. The company traded as high as $24.00 and last traded at $23.66. 29,106 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 40,042 shares. The stock had previously closed at $22.37.

Amplify Alternative Harvest ETF Stock Performance

The firm has a market cap of $103.39 million, a P/E ratio of 16.86 and a beta of 1.15. The company has a 50-day moving average of $24.71 and a 200 day moving average of $25.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amplify Alternative Harvest ETF stock. Commonwealth Equity Services LLC acquired a new stake in shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,431 shares of the company’s stock, valued at approximately $209,000. Commonwealth Equity Services LLC owned 0.19% of Amplify Alternative Harvest ETF as of its most recent filing with the Securities & Exchange Commission.

Amplify Alternative Harvest ETF Company Profile

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.