Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Trading 5% Higher – Should You Buy?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) shares rose 5% during trading on Monday . The stock traded as high as $14.60 and last traded at $14.43. Approximately 81,034 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 79,580 shares. The stock had previously closed at $13.74.

Amplify Lithium & Battery Technology ETF Stock Up 1.8%

The stock has a fifty day moving average of $15.31 and a two-hundred day moving average of $14.03. The stock has a market cap of $109.30 million, a price-to-earnings ratio of 20.17 and a beta of 1.15.

Institutional Trading of Amplify Lithium & Battery Technology ETF

A number of institutional investors have recently added to or reduced their stakes in BATT. Beacon Pointe Advisors LLC grew its position in shares of Amplify Lithium & Battery Technology ETF by 8.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 12,839 shares of the company’s stock worth $177,000 after acquiring an additional 968 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Amplify Lithium & Battery Technology ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after buying an additional 1,565 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter worth approximately $34,000. Root Financial Partners LLC bought a new position in Amplify Lithium & Battery Technology ETF in the 4th quarter worth approximately $35,000. Finally, Simplex Trading LLC increased its position in Amplify Lithium & Battery Technology ETF by 1,920.4% in the 4th quarter. Simplex Trading LLC now owns 3,273 shares of the company’s stock valued at $45,000 after acquiring an additional 3,111 shares during the period.

About Amplify Lithium & Battery Technology ETF

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.