Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Shares Up 2.1% – Time to Buy?

Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) was up 2.1% during mid-day trading on Monday . The company traded as high as $81.01 and last traded at $80.97. 2,562 shares were traded during trading, a decline of 31% from the average session volume of 3,715 shares. The stock had previously closed at $79.30.

Amplify Etho Climate Leadership U.S. ETF Stock Performance

The company’s fifty day simple moving average is $78.32 and its two-hundred day simple moving average is $72.82. The stock has a market capitalization of $193.17 million, a P/E ratio of 18.91 and a beta of 1.12.

Institutional Investors Weigh In On Amplify Etho Climate Leadership U.S. ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC grew its stake in shares of Amplify Etho Climate Leadership U.S. ETF by 2.1% in the fourth quarter. Evergreen Capital Management LLC now owns 11,794 shares of the company’s stock valued at $770,000 after acquiring an additional 248 shares in the last quarter. SGL Investment Advisors Inc. boosted its holdings in Amplify Etho Climate Leadership U.S. ETF by 4.5% in the 4th quarter. SGL Investment Advisors Inc. now owns 7,267 shares of the company’s stock valued at $493,000 after purchasing an additional 312 shares during the period. Bailard Inc. grew its position in shares of Amplify Etho Climate Leadership U.S. ETF by 0.6% during the 4th quarter. Bailard Inc. now owns 64,285 shares of the company’s stock worth $4,198,000 after purchasing an additional 382 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Amplify Etho Climate Leadership U.S. ETF by 12.7% during the first quarter. Cetera Investment Advisers now owns 5,457 shares of the company’s stock worth $361,000 after purchasing an additional 615 shares during the period. Finally, PFG Investments LLC raised its position in shares of Amplify Etho Climate Leadership U.S. ETF by 9.8% in the first quarter. PFG Investments LLC now owns 12,309 shares of the company’s stock valued at $813,000 after buying an additional 1,099 shares in the last quarter.

About Amplify Etho Climate Leadership U.S. ETF

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. ETHO was launched on Nov 18, 2015 and is managed by Etho Capital.