What makes Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) a Good Buy?

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At first glance, the Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) seems like it may just be another early blockchain ETF, one of several which have popped up recently. I thought this as well when I first saw it, but upon investigation, I found out this little gem to be much more. Focusing on emerging technology with a big focus on internet technology, the Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) contains a portfolio of stock tied to artificial intelligence,  virtual reality, augmented reality, communications technology, and of course cryptocurrencies. 

What makes Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) a Good Buy?

The BLOK ETF is very new, and only started to trade about six months ago, so at this point, there is little chart to rely on. At this point, BLOK is slightly down, around 2%, overall. The price has been bouncing between $19 and $20 USD, but this isn't any reason to write it off as a low performer just yet, that price action is more a reflection of the last six months of market action.

Taking a look at the underlying assets reveals a robust and well-balanced portfolio, full of high performers and picks from around the world. Square Inc (NYSE:SQ), Digital Garage Inc (4819:Tokyo), Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), Overstock.com Inc (NASDAQ:OSTK), International Business Machines Corp (NYSE:IBM), Advanced Micro Devices Inc (NASDAQ:AMD), and Red Hat Inc (NYSE:RHT) are a sampling of the top portfolio holdings. 

There are a lot of familiar, well-known names and frankly not as much to do with cryptocurrency as one would expect with Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) generally being considered a blockchain ETF. Unlike an ETF like Bitcoin Investment Trust (OTCMKTS:GBTC) there is no actual cryptocurrency in the portfolio.

Instead, the portfolio is constructed from 100% stock with some of those being tied to blockchain technology. I believe this would be a good, and cheap addition at $20 USD a share to any portfolio. BLOK is trading at an ever so slight discount at the moment and market shake-ups could send it lower, though the ETF is actively managed, however, there is little to fret about in the long-term outlook. This isn't something to trade short-term, but rather buy and hold for 3-5 years.

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Comments (1)

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  • Jesse
  • ,  Contributor
  • 24 July 2018, 02:07 pm

Although I believe and know this is the future, Might it be time to jump off of this train for a bit and ride either DDE, TTGT, or CDMO?

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