Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Trading Up 2.6% – Here’s Why

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT)’s share price traded up 2.6% during trading on Wednesday . The stock traded as high as $16.43 and last traded at $16.38. 52,221 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 85,127 shares. The stock had previously closed at $15.97.

Amplify Lithium & Battery Technology ETF Stock Up 2.6%

The stock has a market capitalization of $123.67 million, a price-to-earnings ratio of 20.17 and a beta of 1.12. The company has a 50 day moving average of $15.90 and a 200 day moving average of $14.99.

Institutional Investors Weigh In On Amplify Lithium & Battery Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in Amplify Lithium & Battery Technology ETF by 708.2% during the third quarter. Raymond James Financial Inc. now owns 114,102 shares of the company’s stock worth $1,482,000 after acquiring an additional 99,984 shares during the last quarter. Q3 Asset Management acquired a new stake in Amplify Lithium & Battery Technology ETF during the fourth quarter worth about $1,394,000. LPL Financial LLC increased its stake in Amplify Lithium & Battery Technology ETF by 18.1% during the fourth quarter. LPL Financial LLC now owns 87,775 shares of the company’s stock worth $1,211,000 after acquiring an additional 13,481 shares during the last quarter. Cetera Investment Advisers increased its stake in Amplify Lithium & Battery Technology ETF by 65.1% during the first quarter. Cetera Investment Advisers now owns 65,604 shares of the company’s stock worth $977,000 after acquiring an additional 25,870 shares during the last quarter. Finally, Cordoba Advisory Partners LLC acquired a new stake in Amplify Lithium & Battery Technology ETF during the fourth quarter worth about $539,000.

About Amplify Lithium & Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.