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

Shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) hit a new 52-week high during trading on Friday . The company traded as high as $51.24 and last traded at $51.24, with a volume of 50980 shares traded. The stock had previously closed at $49.66.

Amplify Transformational Data Sharing ETF Price Performance

The stock’s 50-day moving average price is $42.08 and its 200 day moving average price is $37.58. The firm has a market capitalization of $1.04 billion, a PE ratio of 17.73 and a beta of 1.64.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Amplify Transformational Data Sharing ETF by 67.7% in the first quarter. Jane Street Group LLC now owns 274,508 shares of the company’s stock valued at $10,003,000 after acquiring an additional 110,801 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Amplify Transformational Data Sharing ETF by 97.4% in the 1st quarter. Cetera Investment Advisers now owns 148,397 shares of the company’s stock valued at $5,408,000 after purchasing an additional 73,208 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Amplify Transformational Data Sharing ETF by 305.7% in the 1st quarter. Cetera Advisors LLC now owns 88,669 shares of the company’s stock worth $3,231,000 after purchasing an additional 66,815 shares during the period. Mather Group LLC. boosted 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 valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, PCG Wealth Advisors LLC increased its holdings in Amplify Transformational Data Sharing ETF by 8.0% during the second quarter. PCG Wealth Advisors LLC now owns 9,838 shares of the company’s stock valued at $349,000 after buying an additional 728 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.