Amplify High Income ETF (NYSEARCA:YYY) Reaches New 1-Year Low – Here’s What Happened

Amplify High Income ETF (NYSEARCA:YYY) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $10.68 and last traded at $10.6850, with a volume of 211438 shares traded. The stock had previously closed at $10.81.

Amplify High Income ETF Stock Down 0.3%

The firm’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $11.33. The company has a market capitalization of $687.58 million, a PE ratio of 22.17 and a beta of 0.72.

Hedge Funds Weigh In On Amplify High Income ETF

Several hedge funds have recently added to or reduced their stakes in YYY. Western Wealth Management LLC bought a new stake in Amplify High Income ETF in the first quarter worth about $66,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Amplify High Income ETF during the 1st quarter worth approximately $70,000. Fifth Third Bancorp purchased a new position in Amplify High Income ETF during the 1st quarter valued at $77,000. Baird Financial Group Inc. purchased a new position in Amplify High Income ETF during the 2nd quarter valued at $123,000. Finally, Alpine Global Management LLC bought a new position in Amplify High Income ETF in the 4th quarter valued at $144,000.

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.