Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading Up 0% – Should You Buy?

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s share price was up 0% on Wednesday . The company traded as high as $26.64 and last traded at $26.23. Approximately 21,579 shares were traded during trading, a decline of 52% from the average daily volume of 45,173 shares. The stock had previously closed at $26.22.

Amplify Alternative Harvest ETF Stock Performance

The company has a market cap of $130.36 million, a P/E ratio of 16.86 and a beta of 1.14. The stock’s fifty day moving average price is $25.25 and its two-hundred day moving average price is $27.59.

Institutional Trading of Amplify Alternative Harvest ETF

Hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in shares of Amplify Alternative Harvest ETF during the third quarter worth about $35,000. PenderFund Capital Management Ltd. acquired a new stake in Amplify Alternative Harvest ETF during the 4th quarter worth approximately $36,000. Raymond James Financial Inc. acquired a new stake in Amplify Alternative Harvest ETF during the 2nd quarter worth approximately $58,000. Kestra Advisory Services LLC acquired a new stake in Amplify Alternative Harvest ETF during the 4th quarter worth approximately $60,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Amplify Alternative Harvest ETF during the 4th quarter worth approximately $95,000.

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. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.