Amplify High Income ETF (NYSEARCA:YYY) Sees Large Volume Increase – Still a Buy?

Amplify High Income ETF (NYSEARCA:YYY) saw strong trading volume on Friday . 527,561 shares traded hands during trading, an increase of 40% from the previous session’s volume of 377,301 shares.The stock last traded at $11.30 and had previously closed at $11.46.

Amplify High Income ETF Price Performance

The firm has a market cap of $674.61 million, a PE ratio of 22.17 and a beta of 0.76. The business has a 50-day moving average price of $11.70 and a two-hundred day moving average price of $11.71.

Amplify High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC acquired a new position in shares of Amplify High Income ETF during the 2nd quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new position in Amplify High Income ETF during the third quarter worth $41,000. Winnow Wealth LLC acquired a new position in shares of Amplify High Income ETF in the third quarter worth $49,000. Triumph Capital Management purchased a new stake in shares of Amplify High Income ETF in the third quarter valued at $105,000. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of Amplify High Income ETF in the third quarter valued at $122,000.

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.