Amplify High Income ETF (NYSEARCA:YYY – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $10.21 and last traded at $10.2290, with a volume of 366,113 shares. The stock had previously closed at $10.35.
Amplify High Income ETF Price Performance
The company has a market capitalization of $646.10 million, a PE ratio of 22.17 and a beta of 0.73. The firm has a 50-day moving average of $10.97 and a 200 day moving average of $11.26.
Institutional Investors Weigh In On Amplify High Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in YYY. Envestnet Asset Management Inc. boosted its stake 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 worth $4,705,000 after buying an additional 46,527 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of Amplify High Income ETF in the 2nd quarter worth approximately $123,000. NWF Advisory Services Inc. grew its position in Amplify High Income ETF by 6.3% during the second quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock valued at $8,234,000 after buying an additional 42,200 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Amplify High Income ETF by 12.5% during the 2nd 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 during the last quarter. Finally, First PREMIER Bank purchased a new stake in shares of Amplify High Income ETF in the 2nd quarter worth $327,000.
About Amplify High Income ETF
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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