Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sets New 52-Week High – Still a Buy?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.28 and last traded at $54.24, with a volume of 303601 shares changing hands. The stock had previously closed at $51.18.

Amplify Transformational Data Sharing ETF Trading Down 7.5 %

The firm has a market capitalization of $984.35 million, a price-to-earnings ratio of 17.73 and a beta of 1.64. The stock’s 50-day moving average is $45.89 and its 200-day moving average is $39.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management boosted its position in Amplify Transformational Data Sharing ETF by 0.9% during the 2nd quarter. Financial Advocates Investment Management now owns 30,385 shares of the company’s stock worth $1,078,000 after buying an additional 278 shares during the period. Gainplan LLC lifted its holdings in shares of Amplify Transformational Data Sharing ETF by 1.3% during the third quarter. Gainplan LLC now owns 25,452 shares of the company’s stock worth $903,000 after purchasing an additional 331 shares during the period. Traction Financial Partners LLC grew its stake in shares of Amplify Transformational Data Sharing ETF by 2.2% in the second quarter. Traction Financial Partners LLC now owns 29,731 shares of the company’s stock worth $1,024,000 after purchasing an additional 627 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in Amplify Transformational Data Sharing ETF by 14.1% in the third quarter. Great Valley Advisor Group Inc. now owns 7,808 shares of the company’s stock valued at $293,000 after purchasing an additional 967 shares during the period. Finally, Paladin Wealth LLC acquired a new stake in Amplify Transformational Data Sharing ETF in the third quarter valued at $40,000.

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.