Amplify Alternative Harvest ETF (NYSEARCA:MJ) Reaches New 52-Week Low – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $23.88 and last traded at $24.07, with a volume of 39077 shares. The stock had previously closed at $25.10.

Amplify Alternative Harvest ETF Trading Down 3.7 %

The company has a fifty day moving average price of $26.07 and a 200-day moving average price of $32.91.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Amplify Alternative Harvest ETF during the fourth quarter valued at approximately $494,000. Focus Partners Wealth grew its position in Amplify Alternative Harvest ETF by 12.7% in the 4th quarter. Focus Partners Wealth now owns 46,814 shares of the company’s stock valued at $105,000 after acquiring an additional 5,262 shares during the last quarter. Raffles Associates LP bought a new stake in shares of Amplify Alternative Harvest ETF during the fourth quarter worth $1,176,000. Two Sigma Securities LLC purchased a new stake in shares of Amplify Alternative Harvest ETF during the fourth quarter valued at $48,000. Finally, Mariner LLC grew its holdings in shares of Amplify Alternative Harvest ETF by 54.0% in the fourth quarter. Mariner LLC now owns 31,910 shares of the company’s stock worth $71,000 after purchasing an additional 11,189 shares during the last quarter.

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.