Amplify High Income ETF (NYSEARCA:YYY – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $10.25 and last traded at $10.2650, with a volume of 341722 shares changing hands. The stock had previously closed at $10.35.
Amplify High Income ETF Stock Performance
The firm has a market cap of $660.05 million, a price-to-earnings ratio of 22.17 and a beta of 0.73. The stock has a 50-day moving average of $11.06 and a 200-day moving average of $11.29.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Amplify High Income ETF by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 408,072 shares of the company’s stock valued at $4,705,000 after buying an additional 46,527 shares during the last quarter. Baird Financial Group Inc. bought a new stake in Amplify High Income ETF during the second quarter worth $123,000. NWF Advisory Services Inc. lifted its stake in Amplify High Income ETF by 6.3% in the second quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock valued at $8,234,000 after acquiring an additional 42,200 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Amplify High Income ETF by 12.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after acquiring an additional 1,824 shares during the period. Finally, First PREMIER Bank acquired a new position in shares of Amplify High Income ETF during the 2nd quarter worth about $327,000.
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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