Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Price Down 2.7% – Here’s Why

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) shares were down 2.7% during mid-day trading on Monday . The company traded as low as $14.23 and last traded at $14.29. 58,115 shares were traded during trading, a decline of 29% from the average session volume of 82,000 shares. The stock had previously closed at $14.68.

Amplify Lithium & Battery Technology ETF Stock Down 2.7%

The firm has a 50 day moving average price of $16.30 and a 200 day moving average price of $15.67. The stock has a market cap of $116.46 million, a PE ratio of 20.17 and a beta of 1.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Q3 Asset Management purchased a new stake in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter worth about $1,394,000. Farther Finance Advisors LLC purchased a new position in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter worth $34,000. Secure Asset Management LLC acquired a new stake in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter valued at about $177,000. Baron Financial Group LLC purchased a new stake in Amplify Lithium & Battery Technology ETF in the fourth quarter valued at approximately $160,000. Finally, Cetera Investment Advisers lifted 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 purchasing an additional 25,870 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.