Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $48.15 and traded as low as $47.73. Amplify AI Powered Equity ETF shares last traded at $48.10, with a volume of 3,373 shares traded.

Amplify AI Powered Equity ETF Stock Down 0.5%

The company has a 50 day simple moving average of $49.42 and a two-hundred day simple moving average of $48.15. The company has a market capitalization of $110.63 million, a P/E ratio of 21.25 and a beta of 1.18.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

A hedge fund recently raised its stake in Amplify AI Powered Equity ETF stock. Parallel Advisors LLC boosted its stake in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 39.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,404 shares of the company’s stock after buying an additional 400 shares during the period. Parallel Advisors LLC owned approximately 0.06% of Amplify AI Powered Equity ETF worth $61,000 at the end of the most recent quarter.

Amplify AI Powered Equity ETF Company Profile

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.