Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Price Up 2.5% – Still a Buy?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) shares were up 2.5% on Monday . The stock traded as high as $15.55 and last traded at $15.55. Approximately 45,349 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 100,117 shares. The stock had previously closed at $15.17.

Amplify Lithium & Battery Technology ETF Price Performance

The firm has a market cap of $115.07 million, a P/E ratio of 20.17 and a beta of 1.15. The company’s 50 day moving average is $14.58 and its two-hundred day moving average is $13.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Q3 Asset Management bought a new position in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter worth approximately $1,394,000. Raymond James Financial Inc. raised its position in Amplify Lithium & Battery Technology ETF by 708.2% in the 3rd quarter. Raymond James Financial Inc. now owns 114,102 shares of the company’s stock valued at $1,482,000 after purchasing an additional 99,984 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF in the third quarter valued at about $274,000. Great Diamond Partners LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF in the fourth quarter worth about $248,000. Finally, Secure Asset Management LLC bought a new position in Amplify Lithium & Battery Technology ETF in the 4th quarter worth approximately $177,000.

About Amplify Lithium & Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.