Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Reaches New 12-Month Low – Time to Sell?

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) shares reached a new 52-week low on Thursday. The company traded as low as $46.37 and last traded at $46.79, with a volume of 80,359 shares. The stock had previously closed at $51.56.

Amplify Transformational Data Sharing ETF Stock Down 7.5%

The company’s fifty day moving average is $59.90 and its two-hundred day moving average is $59.45. The firm has a market capitalization of $810.73 million, a price-to-earnings ratio of 24.76 and a beta of 2.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new position in Amplify Transformational Data Sharing ETF during the third quarter worth $27,000. Godsey & Gibb Inc. acquired a new position in shares of Amplify Transformational Data Sharing ETF in the third quarter valued at $27,000. Group One Trading LLC bought a new position in shares of Amplify Transformational Data Sharing ETF in the first quarter valued at about $28,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Amplify Transformational Data Sharing ETF in the third quarter valued at about $38,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Amplify Transformational Data Sharing ETF in the first quarter valued at about $31,000.

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.