Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Down 0.2% – What’s Next?

Amplify Alternative Harvest ETF (NYSEARCA:MJ) fell 0.2% during mid-day trading on Friday . The stock traded as low as $20.26 and last traded at $20.31. 29,026 shares changed hands during trading, a decline of 50% from the average session volume of 57,774 shares. The stock had previously closed at $20.35.

Amplify Alternative Harvest ETF Stock Performance

The company has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $21.19. The company has a market cap of $112.05 million, a price-to-earnings ratio of 16.86 and a beta of 1.63.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

Several institutional investors have recently modified their holdings of the company. Quinn Opportunity Partners LLC lifted its stake in Amplify Alternative Harvest ETF by 26.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 1,308,825 shares of the company’s stock valued at $2,932,000 after buying an additional 274,441 shares in the last quarter. Raffles Associates LP purchased a new stake in Amplify Alternative Harvest ETF in the 4th quarter valued at approximately $1,176,000. Jaffetilchin Investment Partners LLC lifted its stake in Amplify Alternative Harvest ETF by 26,197.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 473,083 shares of the company’s stock valued at $1,060,000 after buying an additional 471,284 shares in the last quarter. Millennium Management LLC purchased a new stake in Amplify Alternative Harvest ETF in the 4th quarter valued at approximately $494,000. Finally, Jane Street Group LLC lifted its stake in Amplify Alternative Harvest ETF by 42.3% in 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.

Amplify Alternative Harvest ETF Company Profile

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.