Amplify Video Game Leaders ETF (NYSEARCA:GAMR) Shares Down 1.9% – Here’s Why

Amplify Video Game Leaders ETF (NYSEARCA:GAMR)’s stock price dropped 1.9% during trading on Monday . The company traded as low as $93.21 and last traded at $93.21. Approximately 697 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,148 shares. The stock had previously closed at $95.03.

Amplify Video Game Leaders ETF Price Performance

The company has a 50-day moving average of $89.79 and a two-hundred day moving average of $85.15. The stock has a market capitalization of $40.08 million, a PE ratio of -258.92 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its holdings in Amplify Video Game Leaders ETF by 21.4% in the third quarter. Susquehanna International Group LLP now owns 14,172 shares of the company’s stock valued at $1,370,000 after purchasing an additional 2,497 shares during the period. Citadel Advisors LLC acquired a new position in Amplify Video Game Leaders ETF during the third quarter worth approximately $880,000. Western Wealth Management LLC purchased a new position in Amplify Video Game Leaders ETF during the first quarter worth approximately $33,000. Royal Bank of Canada boosted its holdings in shares of Amplify Video Game Leaders ETF by 677.4% in the 1st quarter. Royal Bank of Canada now owns 412 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Amplify Video Game Leaders ETF during the 4th quarter worth $32,000.

About Amplify Video Game Leaders ETF

The Wedbush ETFMG Video Game Tech ETF (GAMR) is an exchange-traded fund that is based on the ISE EEFund Video Game Tech index. The fund tracks an equity index of global firms that support, create or use video games. Stocks are assigned to pure-play, non-pure-play or conglomerate baskets, and weighted equally within each. GAMR was launched on Mar 8, 2016 and is managed by ETF Managers Group.