Amplify Alternative Harvest ETF (NYSEARCA:MJ) Sets New 52-Week Low – Here’s Why

Amplify Alternative Harvest ETF (NYSEARCA:MJ)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $23.88 and last traded at $24.07, with a volume of 39077 shares. The stock had previously closed at $25.10.

Amplify Alternative Harvest ETF Price Performance

The stock’s 50 day moving average is $26.07 and its two-hundred day moving average is $32.91.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new position in shares of Amplify Alternative Harvest ETF during the fourth quarter worth approximately $25,000. Claro Advisors LLC acquired a new stake in shares of Amplify Alternative Harvest ETF during the fourth quarter worth $33,000. Opulen Financial Group LLC bought a new stake in shares of Amplify Alternative Harvest ETF in the fourth quarter valued at about $36,000. Global Retirement Partners LLC boosted its position in shares of Amplify Alternative Harvest ETF by 41.6% in the fourth quarter. Global Retirement Partners LLC now owns 18,865 shares of the company’s stock valued at $42,000 after acquiring an additional 5,540 shares during the period. Finally, Good Life Advisors LLC grew its stake in shares of Amplify Alternative Harvest ETF by 44.6% in the fourth quarter. Good Life Advisors LLC now owns 18,605 shares of the company’s stock valued at $42,000 after acquiring an additional 5,741 shares in the last quarter.

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.