Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Reaches New 1-Year High – Still a Buy?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) reached a new 52-week high on Monday . The company traded as high as $54.28 and last traded at $54.24, with a volume of 303601 shares traded. The stock had previously closed at $51.18.

Amplify Transformational Data Sharing ETF Trading Up 4.0 %

The company has a market capitalization of $1.08 billion, a PE ratio of 17.73 and a beta of 1.64. The company has a fifty day simple moving average of $45.06 and a 200-day simple moving average of $39.00.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management boosted its stake in Amplify Transformational Data Sharing ETF by 0.9% during the second 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 boosted its position in shares of Amplify Transformational Data Sharing ETF by 1.3% during the 3rd 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 increased its holdings in Amplify Transformational Data Sharing ETF by 2.2% in the 2nd quarter. Traction Financial Partners LLC now owns 29,731 shares of the company’s stock valued at $1,024,000 after purchasing an additional 627 shares during the last quarter. Western Wealth Management LLC raised its position in Amplify Transformational Data Sharing ETF by 6.4% in the second quarter. Western Wealth Management LLC now owns 14,861 shares of the company’s stock valued at $527,000 after purchasing an additional 896 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in Amplify Transformational Data Sharing ETF by 14.1% during the third quarter. Great Valley Advisor Group Inc. now owns 7,808 shares of the company’s stock worth $293,000 after purchasing an additional 967 shares in the last quarter.

About Amplify Transformational Data Sharing ETF

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.