Amplify High Income ETF (NYSEARCA:YYY) Sees Large Volume Increase – Here’s What Happened

Amplify High Income ETF (NYSEARCA:YYY) shares saw unusually-high trading volume on Monday . Approximately 388,782 shares traded hands during trading, an increase of 45% from the previous session’s volume of 267,303 shares.The stock last traded at $11.34 and had previously closed at $11.41.

Amplify High Income ETF Price Performance

The company has a fifty day moving average price of $11.78 and a two-hundred day moving average price of $11.95. The company has a market capitalization of $539.07 million, a P/E ratio of 23.03 and a beta of 0.73.

Amplify High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 28th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 12.72%. The ex-dividend date of this dividend is Friday, March 28th.

Institutional Investors Weigh In On Amplify High Income ETF

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in shares of Amplify High Income ETF in the 4th quarter worth about $29,000. Larson Financial Group LLC increased its position in Amplify High Income ETF by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 5,897 shares of the company’s stock valued at $68,000 after purchasing an additional 2,179 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Amplify High Income ETF in the 4th quarter valued at approximately $98,000. IronOak Wealth LLC. bought a new stake in Amplify High Income ETF during the fourth quarter worth about $126,000. Finally, Money Concepts Capital Corp grew its stake in shares of Amplify High Income ETF by 12.6% in the fourth quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock worth $140,000 after acquiring an additional 1,359 shares during the period.

Amplify High Income ETF Company Profile

The Amplify High Income ETF (YYY) is an exchange-traded fund that is based on the ISE High Income index. The fund tracks an index of US-listed closed-end funds, weighted by yield, discount to NAV, and trading volume. There are no restrictions on the assets or strategies of the underlying funds. YYY was launched on Jun 12, 2013 and is managed by Amplify.