Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Shares Up 0.5% – Here’s Why

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) shares were up 0.5% on Monday . The company traded as high as $50.91 and last traded at $50.76. 3,621 shares were traded during mid-day trading, a decline of 22% from the average session volume of 4,641 shares. The stock had previously closed at $50.52.

Amplify AI Powered Equity ETF Stock Up 0.5%

The firm has a fifty day simple moving average of $49.63 and a 200-day simple moving average of $47.36. The company has a market cap of $122.84 million, a PE ratio of 26.62 and a beta of 1.16.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Several large investors have recently modified their holdings of AIEQ. LPL Financial LLC increased its holdings in shares of Amplify AI Powered Equity ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock valued at $9,114,000 after acquiring an additional 2,261 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Amplify AI Powered Equity ETF by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after purchasing an additional 442 shares during the period. Citadel Advisors LLC grew its position in Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after purchasing an additional 7,793 shares during the last quarter. Royal Bank of Canada grew its position in Amplify AI Powered Equity ETF by 290.3% during the 4th quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after purchasing an additional 1,765 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Amplify AI Powered Equity ETF in the fourth quarter valued at $38,000.

About Amplify AI Powered Equity ETF

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.