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

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) reached a new 52-week high on Wednesday . The stock traded as high as $42.98 and last traded at $42.90, with a volume of 5961 shares changing hands. The stock had previously closed at $40.39.

Amplify Transformational Data Sharing ETF Price Performance

The company has a market capitalization of $894.22 million, a PE ratio of 17.73 and a beta of 1.64. The stock’s 50 day simple moving average is $37.56 and its 200-day simple moving average is $35.74.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Large investors have recently added to or reduced their stakes in the business. Financial Advocates Investment Management lifted its stake in Amplify Transformational Data Sharing ETF by 0.9% in the second quarter. Financial Advocates Investment Management now owns 30,385 shares of the company’s stock worth $1,078,000 after acquiring an additional 278 shares during the last quarter. Gainplan LLC increased its stake in Amplify Transformational Data Sharing ETF by 1.3% in the 3rd quarter. Gainplan LLC now owns 25,452 shares of the company’s stock valued at $903,000 after buying an additional 331 shares during the period. Mather Group LLC. increased its stake in shares of Amplify Transformational Data Sharing ETF by 36.8% during the second quarter. Mather Group LLC. now owns 1,337 shares of the company’s stock worth $49,000 after acquiring an additional 360 shares during the period. Traction Financial Partners LLC increased its position in Amplify Transformational Data Sharing ETF by 2.2% during the 2nd 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 period. Finally, PCG Wealth Advisors LLC raised its stake in shares of Amplify Transformational Data Sharing ETF by 8.0% during the 2nd quarter. PCG Wealth Advisors LLC now owns 9,838 shares of the company’s stock worth $349,000 after buying an additional 728 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.