Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Strong Trading Volume – Still a Buy?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) shares saw unusually-strong trading volume on Thursday . Approximately 473,119 shares were traded during trading, an increase of 40% from the previous session’s volume of 339,051 shares.The stock last traded at $67.25 and had previously closed at $66.71.

Amplify Transformational Data Sharing ETF Stock Up 4.6%

The business’s 50-day moving average is $65.28 and its 200-day moving average is $55.65. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.76 and a beta of 1.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Amplify Transformational Data Sharing ETF in the third quarter valued at $27,000. Private Trust Co. NA increased its holdings in Amplify Transformational Data Sharing ETF by 509.6% in the second quarter. Private Trust Co. NA now owns 573 shares of the company’s stock valued at $33,000 after buying an additional 479 shares in the last quarter. DHJJ Financial Advisors Ltd. purchased a new position in Amplify Transformational Data Sharing ETF in the second quarter valued at $36,000. Sound Income Strategies LLC increased its holdings in Amplify Transformational Data Sharing ETF by 69.0% in the third quarter. Sound Income Strategies LLC now owns 485 shares of the company’s stock valued at $36,000 after buying an additional 198 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in Amplify Transformational Data Sharing ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $39,000 after buying an additional 528 shares in the last quarter.

Amplify Transformational Data Sharing ETF Company Profile

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.