Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Trading Down 1.7% – Should You Sell?

Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO)’s stock price traded down 1.7% during trading on Thursday . The stock traded as low as $61.14 and last traded at $61.14. 4,562 shares were traded during mid-day trading, a decline of 34% from the average session volume of 6,938 shares. The stock had previously closed at $62.21.

Amplify Etho Climate Leadership U.S. ETF Price Performance

The company has a market capitalization of $149.79 million, a price-to-earnings ratio of 18.91 and a beta of 1.14. The stock has a 50 day simple moving average of $63.87 and a two-hundred day simple moving average of $60.72.

Hedge Funds Weigh In On Amplify Etho Climate Leadership U.S. ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETHO. Bailard Inc. increased its stake in Amplify Etho Climate Leadership U.S. ETF by 0.6% in the second quarter. Bailard Inc. now owns 64,317 shares of the company’s stock valued at $3,739,000 after purchasing an additional 371 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Amplify Etho Climate Leadership U.S. ETF by 0.5% in the 2nd quarter. Harbour Investments Inc. now owns 57,982 shares of the company’s stock valued at $3,370,000 after buying an additional 271 shares in the last quarter. Modern Wealth Management LLC purchased a new position in shares of Amplify Etho Climate Leadership U.S. ETF in the 2nd quarter valued at $3,003,000. WCG Wealth Advisors LLC grew its position in shares of Amplify Etho Climate Leadership U.S. ETF by 39.2% in the 2nd quarter. WCG Wealth Advisors LLC now owns 38,997 shares of the company’s stock valued at $2,267,000 after buying an additional 10,991 shares during the last quarter. Finally, Natural Investments LLC raised its stake in Amplify Etho Climate Leadership U.S. ETF by 0.8% during the 2nd quarter. Natural Investments LLC now owns 38,708 shares of the company’s stock worth $2,250,000 after acquiring an additional 293 shares in the last quarter.

Amplify Etho Climate Leadership U.S. ETF Company Profile

The Etho Climate Leadership U.S. ETF (ETHO) is an exchange-traded fund that is based on the Etho Climate Leadership index. The fund tracks the performance of an equal-weighted index that selects US stocks that exhibit the least carbon impact within its industry. Certain industries are excluded altogether.