Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Price Down 0.2% – Time to Sell?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)’s share price was down 0.2% during mid-day trading on Monday . The company traded as low as $49.82 and last traded at $49.82. Approximately 5,235 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 4,798 shares. The stock had previously closed at $49.91.

Amplify AI Powered Equity ETF Stock Down 0.2%

The stock has a market cap of $122.06 million, a P/E ratio of 26.62 and a beta of 1.16. The business’s 50-day simple moving average is $49.45 and its two-hundred day simple moving average is $46.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Amplify AI Powered Equity ETF by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 1,404 shares of the company’s stock valued at $61,000 after buying an additional 400 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Amplify AI Powered Equity ETF by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after acquiring an additional 442 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Amplify AI Powered Equity ETF in the fourth quarter worth $38,000. Royal Bank of Canada boosted its holdings in shares of Amplify AI Powered Equity ETF by 290.3% in the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after acquiring an additional 1,765 shares during the period. Finally, LPL Financial LLC grew its position in shares of Amplify AI Powered Equity ETF by 1.1% in the fourth quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock valued at $9,114,000 after purchasing an additional 2,261 shares in the last 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.