Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) shares saw unusually-high trading volume on Thursday. Approximately 1,659,902 shares changed hands during trading, an increase of 285% from the average daily volume of 431,300 shares. The stock last traded at $10.2050 and had previously closed at $10.42.
Amplify High Income ETF Price Performance
The company has a market cap of $662.21 million, a PE ratio of 22.17 and a beta of 0.74. The stock has a fifty day moving average price of $10.62 and a 200-day moving average price of $11.25.
Institutional Investors Weigh In On Amplify High Income ETF
Several hedge funds have recently bought and sold shares of the business. VectorGlobal IAG Inc. acquired a new stake in Amplify High Income ETF during the 1st quarter worth about $631,000. Wedbush Securities Inc. grew its stake in Amplify High Income ETF by 37.5% during the 2nd quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after acquiring an additional 88,794 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Amplify High Income ETF in the 2nd quarter valued at about $450,000. First Heartland Consultants Inc. increased its holdings in shares of Amplify High Income ETF by 9.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 74,788 shares of the company’s stock valued at $862,000 after purchasing an additional 6,725 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Amplify High Income ETF in the 1st quarter valued at about $66,000.
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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