Amplify Alternative Harvest ETF (NYSEARCA:MJ) Shares Scheduled to Reverse Split on Friday, February 21st

Amplify Alternative Harvest ETF (NYSEARCA:MJ) shares are scheduled to reverse split before the market opens on Friday, February 21st. The 1-12 reverse split was announced on Tuesday, January 28th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, February 20th.

Amplify Alternative Harvest ETF Stock Performance

MJ stock opened at $2.15 on Thursday. Amplify Alternative Harvest ETF has a twelve month low of $2.02 and a twelve month high of $4.83. The business has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.83.

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. International Assets Investment Management LLC raised its stake in Amplify Alternative Harvest ETF by 4,516.6% in the 3rd quarter. International Assets Investment Management LLC now owns 623,015 shares of the company’s stock valued at $20,620,000 after acquiring an additional 609,520 shares during the period. Prosperity Wealth Management Inc. increased its position in Amplify Alternative Harvest ETF by 40.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 198,047 shares of the company’s stock worth $444,000 after buying an additional 57,418 shares during the period. Tempus Wealth Planning LLC increased its position in Amplify Alternative Harvest ETF by 51.0% during the 4th quarter. Tempus Wealth Planning LLC now owns 102,693 shares of the company’s stock worth $230,000 after buying an additional 34,694 shares during the period. Raymond James Financial Inc. bought a new position in Amplify Alternative Harvest ETF during the 4th quarter worth $223,000. Finally, Vontobel Holding Ltd. increased its position in Amplify Alternative Harvest ETF by 79.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 94,850 shares of the company’s stock worth $314,000 after buying an additional 41,950 shares during the period.

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.