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 – Get Free Report) shares passed 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 trading hands.

Amplify AI Powered Equity ETF Stock Performance

The company’s fifty day moving average price is $49.42 and its 200-day moving average price is $48.15. The stock has a market cap of $110.63 million, a P/E ratio of 21.25 and a beta of 1.18.

Institutional Trading of Amplify AI Powered Equity ETF

A hedge fund recently raised its position in Amplify AI Powered Equity ETF stock. Parallel Advisors LLC boosted its position in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ – Free Report) by 39.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,404 shares of the company’s stock after purchasing an additional 400 shares during the period. Parallel Advisors LLC owned approximately 0.06% of Amplify AI Powered Equity ETF worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Amplify AI Powered Equity ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Amplify AI Powered Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify AI Powered Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.