Q3 Asset Management Acquires New Stake in Amplify Alternative Harvest ETF $MJ

Q3 Asset Management bought a new position in shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,006 shares of the company’s stock, valued at approximately $1,084,000. Amplify Alternative Harvest ETF comprises approximately 0.4% of Q3 Asset Management’s investment portfolio, making the stock its 28th biggest position. Q3 Asset Management owned approximately 0.55% of Amplify Alternative Harvest ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MJ. Jane Street Group LLC boosted its position in Amplify Alternative Harvest ETF by 42.3% during the first quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock worth $3,561,000 after acquiring an additional 54,316 shares during the last quarter. Simplex Trading LLC boosted its holdings in shares of Amplify Alternative Harvest ETF by 79.3% during the 2nd quarter. Simplex Trading LLC now owns 2,858 shares of the company’s stock worth $51,000 after purchasing an additional 1,264 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amplify Alternative Harvest ETF in the second quarter valued at approximately $58,000. Wedmont Private Capital purchased a new stake in shares of Amplify Alternative Harvest ETF in the third quarter valued at approximately $283,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Amplify Alternative Harvest ETF in the third quarter valued at approximately $307,000.

Amplify Alternative Harvest ETF Stock Performance

NYSEARCA MJ opened at $30.37 on Wednesday. Amplify Alternative Harvest ETF has a fifty-two week low of $16.11 and a fifty-two week high of $46.75. The firm has a market capitalization of $153.98 million, a P/E ratio of 16.86 and a beta of 1.24. The stock’s fifty day moving average is $29.50 and its two-hundred day moving average is $29.74.

Amplify Alternative Harvest ETF Profile

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. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.