Amplify Lithium& Battery Technology ETF (NYSEARCA:BATT) Trading 1.1% Higher – Time to Buy?

Amplify Lithium& Battery Technology ETF (NYSEARCA:BATT) was up 1.1% during mid-day trading on Monday . The company traded as high as $8.93 and last traded at $8.86. Approximately 14,421 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 37,811 shares. The stock had previously closed at $8.76.

Amplify Lithium& Battery Technology ETF Price Performance

The stock’s 50-day moving average price is $8.86 and its 200 day moving average price is $9.07. The firm has a market cap of $60.69 million, a P/E ratio of 20.71 and a beta of 1.31.

Institutional Investors Weigh In On Amplify Lithium& Battery Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC boosted its position in Amplify Lithium& Battery Technology ETF by 60.4% during the fourth quarter. LPL Financial LLC now owns 159,404 shares of the company’s stock worth $1,403,000 after purchasing an additional 60,010 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Amplify Lithium& Battery Technology ETF during the 4th quarter worth about $138,000. Flow Traders U.S. LLC acquired a new position in Amplify Lithium& Battery Technology ETF in the 3rd quarter valued at about $113,000. Sherman Asset Management Inc. bought a new position in Amplify Lithium& Battery Technology ETF in the 4th quarter valued at about $53,000. Finally, HighTower Advisors LLC lifted its position in Amplify Lithium& Battery Technology ETF by 13.5% during the fourth quarter. HighTower Advisors LLC now owns 39,519 shares of the company’s stock worth $348,000 after acquiring an additional 4,711 shares during the last quarter.

About Amplify Lithium& Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite.