Amplify Video Game Leaders ETF (NYSEARCA:GAMR) Trading Down 1% – Here’s Why

Amplify Video Game Leaders ETF (NYSEARCA:GAMR)’s stock price traded down 1% during trading on Monday . The stock traded as low as $88.78 and last traded at $88.78. Approximately 710 shares changed hands during trading, a decline of 39% from the average daily volume of 1,166 shares. The stock had previously closed at $89.71.

Amplify Video Game Leaders ETF Stock Down 1.0%

The business has a 50-day simple moving average of $87.35 and a two-hundred day simple moving average of $85.26. The stock has a market capitalization of $39.95 million, a price-to-earnings ratio of -246.61 and a beta of 1.16.

Institutional Trading of Amplify Video Game Leaders ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of Amplify Video Game Leaders ETF in the first quarter valued at $33,000. Royal Bank of Canada grew its holdings in Amplify Video Game Leaders ETF by 677.4% during the first quarter. Royal Bank of Canada now owns 412 shares of the company’s stock worth $31,000 after acquiring an additional 359 shares during the period. Kestra Advisory Services LLC bought a new stake in Amplify Video Game Leaders ETF in the fourth quarter worth about $32,000. Susquehanna International Group LLP raised its position 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 worth $1,370,000 after acquiring an additional 2,497 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Amplify Video Game Leaders ETF in the third quarter worth about $880,000.

Amplify Video Game Leaders ETF Company Profile

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.