Tower Research Capital LLC TRC Grows Stock Position in Amplify Alternative Harvest ETF (NYSEARCA:MJ)

Tower Research Capital LLC TRC increased its stake in shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) by 801.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,713 shares of the company’s stock after purchasing an additional 8,636 shares during the period. Tower Research Capital LLC TRC’s holdings in Amplify Alternative Harvest ETF were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MJ. Raymond James & Associates raised its position in Amplify Alternative Harvest ETF by 502.7% during the 4th quarter. Raymond James & Associates now owns 534,122 shares of the company’s stock worth $1,725,000 after buying an additional 445,505 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Amplify Alternative Harvest ETF by 28.5% during the third quarter. Stratos Wealth Partners LTD. now owns 720,111 shares of the company’s stock worth $2,628,000 after acquiring an additional 159,755 shares during the period. JW Asset Management LLC purchased a new position in Amplify Alternative Harvest ETF during the fourth quarter worth about $413,000. Florin Court Capital LLP acquired a new stake in Amplify Alternative Harvest ETF in the third quarter valued at about $128,000. Finally, International Assets Investment Management LLC purchased a new stake in Amplify Alternative Harvest ETF in the 4th quarter valued at approximately $107,000.

Amplify Alternative Harvest ETF Stock Performance

NYSEARCA MJ traded up $0.01 on Friday, hitting $4.24. 1,754,685 shares of the company’s stock were exchanged, compared to its average volume of 3,302,908. The firm’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $3.45. Amplify Alternative Harvest ETF has a fifty-two week low of $2.64 and a fifty-two week high of $4.83.

Amplify Alternative Harvest ETF 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.