Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Trading Down 0.9% – Here’s Why

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) shares fell 0.9% on Monday . The company traded as low as $62.36 and last traded at $63.30. Approximately 121,568 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 326,214 shares. The stock had previously closed at $63.90.

Amplify Transformational Data Sharing ETF Price Performance

The firm has a market cap of $1.09 billion, a PE ratio of 24.76 and a beta of 2.16. The business has a 50-day moving average price of $61.62 and a two-hundred day moving average price of $60.13.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds have recently added to or reduced their stakes in BLOK. Gradient Investments LLC lifted its position in shares of Amplify Transformational Data Sharing ETF by 6.4% in the second quarter. Gradient Investments LLC now owns 551,638 shares of the company’s stock valued at $34,549,000 after acquiring an additional 32,989 shares in the last quarter. HighTower Advisors LLC increased its stake in Amplify Transformational Data Sharing ETF by 17.7% during the 4th quarter. HighTower Advisors LLC now owns 179,023 shares of the company’s stock worth $10,185,000 after buying an additional 26,975 shares during the period. Thryve Wealth Management LLC acquired a new position in shares of Amplify Transformational Data Sharing ETF in the 4th quarter valued at approximately $7,601,000. Royal Bank of Canada raised its stake in shares of Amplify Transformational Data Sharing ETF by 8.8% in the 1st quarter. Royal Bank of Canada now owns 132,873 shares of the company’s stock valued at $6,619,000 after purchasing an additional 10,739 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Amplify Transformational Data Sharing ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 96,384 shares of the company’s stock valued at $4,801,000 after acquiring an additional 3,749 shares in the last quarter.

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.