Amplify Alternative Harvest ETF (NYSEARCA:MJ) Stock Price Up 0.6% – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ) rose 0.6% on Wednesday . The stock traded as high as $23.89 and last traded at $23.16. Approximately 32,440 shares changed hands during trading, a decline of 27% from the average daily volume of 44,710 shares. The stock had previously closed at $23.02.

Amplify Alternative Harvest ETF Stock Up 0.6%

The stock has a 50-day simple moving average of $25.47 and a 200-day simple moving average of $29.44. The firm has a market capitalization of $115.11 million, a PE ratio of 16.86 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Amplify Alternative Harvest ETF by 42.3% during the 1st quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock valued at $3,561,000 after buying an additional 54,316 shares in the last quarter. OLD Mission Capital LLC lifted its holdings 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 buying an additional 42,752 shares in the last quarter. Q3 Asset Management bought a new position in shares of Amplify Alternative Harvest ETF in the third quarter valued at approximately $1,084,000. Florin Court Capital LLP purchased a new position in Amplify Alternative Harvest ETF during the third quarter valued at approximately $696,000. Finally, Group One Trading LLC purchased a new position in Amplify Alternative Harvest ETF during the third quarter valued at approximately $379,000.

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.