Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $10.21 and last traded at $10.2290, with a volume of 366,113 shares changing hands. The stock had previously closed at $10.35.
Amplify High Income ETF Price Performance
The company has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $11.26. The firm has a market cap of $646.10 million, a PE ratio of 22.17 and a beta of 0.73.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in YYY. Concurrent Investment Advisors LLC boosted its holdings in Amplify High Income ETF by 12.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock worth $190,000 after acquiring an additional 1,824 shares in the last quarter. Independent Wealth Network Inc. boosted its stake in Amplify High Income ETF by 1.8% in the 1st quarter. Independent Wealth Network Inc. now owns 182,217 shares of the company’s stock worth $2,010,000 after purchasing an additional 3,272 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Amplify High Income ETF by 35.8% in the 1st quarter. Arkadios Wealth Advisors now owns 18,982 shares of the company’s stock worth $209,000 after purchasing an additional 5,001 shares in the last quarter. Western Wealth Management LLC bought a new stake in Amplify High Income ETF during the 1st quarter valued at about $66,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Amplify High Income ETF in the first quarter worth approximately $70,000.
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.
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