Amplify Alternative Harvest ETF (NYSEARCA:MJ) Shares Scheduled to Reverse Split on Friday, February 21st

Posted by Latisha Jones on Feb 16th, 2025

Amplify Alternative Harvest ETF (NYSEARCA:MJ – Free Report)’s stock is set to reverse split on the morning of Friday, February 21st. The 1-12 reverse split was announced on Tuesday, January 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, February 20th.

Amplify Alternative Harvest ETF Trading Down 0.5 %

Shares of MJ stock opened at $2.17 on Monday. The stock has a 50-day moving average price of $2.22 and a 200 day moving average price of $2.81. Amplify Alternative Harvest ETF has a 12 month low of $2.02 and a 12 month high of $4.83.

Hedge Funds Weigh In On Amplify Alternative Harvest ETF

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in shares of Amplify Alternative Harvest ETF by 4,516.6% during the 3rd quarter. International Assets Investment Management LLC now owns 623,015 shares of the company’s stock valued at $20,620,000 after purchasing an additional 609,520 shares in the last quarter. Raffles Associates LP bought a new position in shares of Amplify Alternative Harvest ETF during the 4th quarter valued at about $1,176,000. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Amplify Alternative Harvest ETF by 26,197.0% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 473,083 shares of the company’s stock valued at $1,060,000 after purchasing an additional 471,284 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of Amplify Alternative Harvest ETF by 26.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,308,825 shares of the company’s stock valued at $2,932,000 after purchasing an additional 274,441 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Amplify Alternative Harvest ETF during the 4th quarter valued at about $223,000.

Amplify Alternative Harvest ETF Company Profile

(Get Free Report)

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.