Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Shares Gap Up – Here’s Why

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $41.61, but opened at $44.24. Amplify Transformational Data Sharing ETF shares last traded at $42.68, with a volume of 175,817 shares trading hands.

Amplify Transformational Data Sharing ETF Stock Up 0.3 %

The firm has a market capitalization of $803.51 million, a P/E ratio of 18.88 and a beta of 1.77. The company has a fifty day simple moving average of $46.56 and a 200 day simple moving average of $43.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BLOK. LPL Financial LLC boosted its stake in Amplify Transformational Data Sharing ETF by 17.3% during the 4th quarter. LPL Financial LLC now owns 752,730 shares of the company’s stock valued at $32,510,000 after purchasing an additional 111,005 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Amplify Transformational Data Sharing ETF by 101.7% during the fourth quarter. Wells Fargo & Company MN now owns 304,554 shares of the company’s stock valued at $13,154,000 after purchasing an additional 153,537 shares in the last quarter. Gradient Investments LLC lifted its stake in Amplify Transformational Data Sharing ETF by 27.4% during the 4th quarter. Gradient Investments LLC now owns 268,998 shares of the company’s stock valued at $11,618,000 after acquiring an additional 57,854 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Amplify Transformational Data Sharing ETF by 32.5% during the 4th quarter. Cetera Investment Advisers now owns 158,781 shares of the company’s stock valued at $6,858,000 after acquiring an additional 38,970 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Amplify Transformational Data Sharing ETF by 31.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 134,375 shares of the company’s stock worth $5,804,000 after acquiring an additional 32,470 shares during the period.

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.