Amplify Alternative Harvest ETF (NYSEARCA:MJ) Trading 1.1% Higher – Here’s What Happened

Amplify Alternative Harvest ETF (NYSEARCA:MJ) shot up 1.1% on Wednesday . The stock traded as high as $24.27 and last traded at $24.05. 34,601 shares were traded during mid-day trading, a decline of 22% from the average session volume of 44,304 shares. The stock had previously closed at $23.78.

Amplify Alternative Harvest ETF Stock Performance

The firm has a market capitalization of $119.53 million, a PE ratio of 16.86 and a beta of 1.12. The firm has a fifty day moving average of $26.19 and a 200 day moving average of $26.98.

Institutional Trading of Amplify Alternative Harvest ETF

Large investors have recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of Amplify Alternative Harvest ETF by 42.3% during the first quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock valued at $3,561,000 after purchasing an additional 54,316 shares during the period. OLD Mission Capital LLC boosted its stake in shares of Amplify Alternative Harvest ETF by 65.5% in the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock valued at $3,218,000 after purchasing an additional 42,752 shares during the period. Group One Trading LLC purchased a new position in shares of Amplify Alternative Harvest ETF in the third quarter valued at $379,000. Marex Group plc grew its holdings in Amplify Alternative Harvest ETF by 68.0% during the 4th quarter. Marex Group plc now owns 10,007 shares of the company’s stock valued at $298,000 after purchasing an additional 4,050 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Amplify Alternative Harvest ETF during the 2nd quarter valued at $58,000.

About Amplify Alternative Harvest ETF

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. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.