Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Reaches New 12-Month Low – Time to Sell?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK)’s share price reached a new 52-week low on Thursday. The stock traded as low as $46.37 and last traded at $46.79, with a volume of 80,359 shares changing hands. The stock had previously closed at $51.56.

Amplify Transformational Data Sharing ETF Price Performance

The company’s 50-day simple moving average is $59.90 and its 200-day simple moving average is $59.45. The stock has a market capitalization of $810.73 million, a price-to-earnings ratio of 24.76 and a beta of 2.17.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

A number of large investors have recently made changes to their positions in the company. Lido Advisors LLC acquired a new position in Amplify Transformational Data Sharing ETF in the 3rd quarter valued at $261,000. Simplex Trading LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF during the third quarter worth $103,000. AlphaCore Capital LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF during the third quarter worth $64,000. Almanack Investment Partners LLC. acquired a new stake in shares of Amplify Transformational Data Sharing ETF during the third quarter worth $889,000. Finally, Endowment Wealth Management Inc. bought a new stake in shares of Amplify Transformational Data Sharing ETF in the third quarter valued at about $595,000.

Amplify Transformational Data Sharing ETF Company Profile

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.