Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Shares Down 2% – What’s Next?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT)’s stock price traded down 2% on Wednesday. The company traded as low as $14.47 and last traded at $14.54. Approximately 27,341 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 68,593 shares. The stock had previously closed at $14.84.

Amplify Lithium & Battery Technology ETF Trading Down 2.0%

The company has a market capitalization of $111.23 million, a price-to-earnings ratio of 20.17 and a beta of 1.17. The firm’s 50 day simple moving average is $15.14 and its 200-day simple moving average is $15.59.

Institutional Trading of Amplify Lithium & Battery Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BATT. Cetera Investment Advisers raised its holdings 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 purchasing an additional 25,870 shares in the last quarter. Baron Financial Group LLC boosted its holdings in Amplify Lithium & Battery Technology ETF by 8.1% in the 2nd quarter. Baron Financial Group LLC now owns 13,925 shares of the company’s stock valued at $214,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Harbor Asset Planning Inc. boosted its holdings in Amplify Lithium & Battery Technology ETF by 71.0% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares in the last quarter.

Amplify Lithium & Battery Technology ETF Company Profile

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.