Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Unusually-High Trading Volume – Time to Buy?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw unusually-high trading volume on Monday . Approximately 643,345 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 386,934 shares.The stock last traded at $62.45 and had previously closed at $61.07.

Amplify Transformational Data Sharing ETF Stock Performance

The company has a market cap of $1.22 billion, a PE ratio of 24.76 and a beta of 2.15. The stock’s 50-day simple moving average is $60.34 and its 200 day simple moving average is $58.65.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Amplify Transformational Data Sharing ETF by 18,704.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,263,162 shares of the company’s stock valued at $242,531,000 after purchasing an additional 4,240,491 shares in the last quarter. Morgan Stanley boosted its holdings in Amplify Transformational Data Sharing ETF by 14.0% in the 4th quarter. Morgan Stanley now owns 1,559,411 shares of the company’s stock valued at $88,715,000 after purchasing an additional 191,238 shares in the last quarter. LPL Financial LLC boosted its holdings in Amplify Transformational Data Sharing ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 1,014,462 shares of the company’s stock valued at $57,713,000 after purchasing an additional 39,904 shares in the last quarter. Gradient Investments LLC boosted its holdings in Amplify Transformational Data Sharing ETF by 14.7% in the 4th quarter. Gradient Investments LLC now owns 489,567 shares of the company’s stock valued at $27,851,000 after purchasing an additional 62,622 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Amplify Transformational Data Sharing ETF by 24.2% in the 1st quarter. Royal Bank of Canada now owns 207,990 shares of the company’s stock valued at $7,671,000 after purchasing an additional 40,518 shares in the last quarter.

About Amplify Transformational Data Sharing ETF

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.