Amplify High Income ETF (NYSEARCA:YYY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Amplify High Income ETF (NYSEARCA:YYY) saw strong trading volume on Monday . 812,708 shares were traded during trading, an increase of 101% from the previous session’s volume of 404,599 shares.The stock last traded at $11.46 and had previously closed at $11.38.

Amplify High Income ETF Stock Up 0.5%

The firm has a fifty day moving average price of $11.44 and a two-hundred day moving average price of $11.52. The stock has a market capitalization of $705.28 million, a P/E ratio of 22.17 and a beta of 0.72.

Institutional Investors Weigh In On Amplify High Income ETF

Institutional investors have recently modified their holdings of the business. CreativeOne Wealth LLC boosted its position in shares of Amplify High Income ETF by 109.6% during the third quarter. CreativeOne Wealth LLC now owns 94,025 shares of the company’s stock valued at $1,110,000 after buying an additional 49,164 shares during the last quarter. LJI Wealth Management LLC boosted its position in shares of Amplify High Income ETF by 14.1% during the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after buying an additional 211,845 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Amplify High Income ETF by 107.8% during the 4th quarter. World Investment Advisors now owns 156,056 shares of the company’s stock valued at $1,796,000 after buying an additional 80,942 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Amplify High Income ETF by 13.5% during the 4th quarter. International Assets Investment Management LLC now owns 355,081 shares of the company’s stock valued at $4,087,000 after buying an additional 42,149 shares during the period. Finally, Samalin Investment Counsel LLC lifted its holdings in shares of Amplify High Income ETF by 88.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 19,418 shares of the company’s stock valued at $223,000 after buying an additional 9,098 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.