Amplify Alternative Harvest ETF (NYSEARCA:MJ) Hits New 12-Month Low – Time to Sell?

Amplify Alternative Harvest ETF (NYSEARCA:MJ) shares reached a new 52-week low during trading on Monday . The stock traded as low as $23.88 and last traded at $24.07, with a volume of 39077 shares trading hands. The stock had previously closed at $25.10.

Amplify Alternative Harvest ETF Stock Performance

The stock’s 50 day moving average price is $26.23 and its two-hundred day moving average price is $33.16.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

A number of large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in shares of Amplify Alternative Harvest ETF in the fourth quarter worth $25,000. Claro Advisors LLC purchased a new stake in Amplify Alternative Harvest ETF during the 4th quarter worth about $33,000. Mesirow Financial Investment Management Inc. raised its stake in Amplify Alternative Harvest ETF by 24.9% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 15,931 shares of the company’s stock valued at $53,000 after purchasing an additional 3,181 shares during the last quarter. Opulen Financial Group LLC purchased a new position in Amplify Alternative Harvest ETF in the 4th quarter valued at about $36,000. Finally, Good Life Advisors LLC boosted its stake in shares of Amplify Alternative Harvest ETF by 44.6% during the 4th quarter. Good Life Advisors LLC now owns 18,605 shares of the company’s stock worth $42,000 after purchasing an additional 5,741 shares during the last quarter.

About Amplify Alternative Harvest ETF

The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system.