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

Amplify High Income ETF (NYSEARCA:YYY)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $10.20 and last traded at $10.2150, with a volume of 157,164 shares changing hands. The stock had previously closed at $10.32.

Amplify High Income ETF Stock Performance

The firm has a market capitalization of $652.29 million, a P/E ratio of 22.17 and a beta of 0.73. The stock’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $11.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YYY. VectorGlobal IAG Inc. purchased a new stake in Amplify High Income ETF during the first quarter worth $631,000. Wedbush Securities Inc. boosted its position 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. PFG Investments LLC boosted its position in Amplify High Income ETF by 491.1% during the 1st quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock valued at $723,000 after acquiring an additional 54,442 shares in the last quarter. World Investment Advisors increased its holdings in shares of Amplify High Income ETF by 19.8% in the 1st quarter. World Investment Advisors now owns 186,891 shares of the company’s stock valued at $2,061,000 after acquiring an additional 30,835 shares during the period. Finally, Intrua Financial LLC increased its holdings in shares of Amplify High Income ETF by 7.1% in the 1st quarter. Intrua Financial LLC now owns 415,255 shares of the company’s stock valued at $4,580,000 after acquiring an additional 27,462 shares during the period.

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.