Raymond James Financial Inc. Takes $223,000 Position in Amplify Alternative Harvest ETF (NYSEARCA:MJ)

Raymond James Financial Inc. bought a new stake in Amplify Alternative Harvest ETF (NYSEARCA:MJ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 99,656 shares of the company’s stock, valued at approximately $223,000. Raymond James Financial Inc. owned approximately 0.15% of Amplify Alternative Harvest ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MJ. Global Retirement Partners LLC lifted its position in Amplify Alternative Harvest ETF by 41.6% during the fourth quarter. Global Retirement Partners LLC now owns 18,865 shares of the company’s stock worth $42,000 after buying an additional 5,540 shares in the last quarter. Good Life Advisors LLC increased its stake in Amplify Alternative Harvest ETF by 44.6% during the fourth quarter. Good Life Advisors LLC now owns 18,605 shares of the company’s stock worth $42,000 after acquiring an additional 5,741 shares during the last quarter. Truist Financial Corp increased its stake in Amplify Alternative Harvest ETF by 23.4% during the fourth quarter. Truist Financial Corp now owns 31,018 shares of the company’s stock worth $69,000 after acquiring an additional 5,889 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Amplify Alternative Harvest ETF by 14.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,865 shares of the company’s stock worth $143,000 after acquiring an additional 8,212 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Amplify Alternative Harvest ETF during the fourth quarter worth $25,000.

Amplify Alternative Harvest ETF Trading Up 0.5%

Shares of NYSEARCA MJ opened at $19.47 on Tuesday. Amplify Alternative Harvest ETF has a twelve month low of $16.11 and a twelve month high of $55.20. The stock has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $25.14. The stock has a market capitalization of $109.42 million, a PE ratio of 16.72 and a beta of 1.27.

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.