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

Shares of Amplify Alternative Harvest ETF (NYSEARCA:MJ) are set 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 Trading Up 4.4 %

Shares of Amplify Alternative Harvest ETF stock opened at $2.14 on Wednesday. Amplify Alternative Harvest ETF has a 1 year low of $2.02 and a 1 year high of $4.83. The company has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MJ. Claro Advisors LLC purchased a new position in shares of Amplify Alternative Harvest ETF in the fourth quarter valued at about $33,000. Good Life Advisors LLC raised its position in 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 valued at $42,000 after purchasing an additional 5,741 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Amplify Alternative Harvest ETF by 41.6% in the 4th quarter. Global Retirement Partners LLC now owns 18,865 shares of the company’s stock worth $42,000 after buying an additional 5,540 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of 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 worth $53,000 after buying an additional 3,181 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Amplify Alternative Harvest ETF by 23.4% during the fourth quarter. Truist Financial Corp now owns 31,018 shares of the company’s stock valued at $69,000 after buying an additional 5,889 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.