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

Amplify High Income ETF (NYSEARCA:YYY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.38 and last traded at $11.40, with a volume of 92875 shares changing hands. The stock had previously closed at $11.45.

Amplify High Income ETF Stock Down 0.6 %

The stock has a market cap of $531.68 million, a PE ratio of 23.17 and a beta of 0.85. The firm’s fifty day moving average price is $11.79 and its 200 day moving average price is $11.96.

Amplify High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 12.65%. The ex-dividend date of this dividend was Thursday, February 27th.

Hedge Funds Weigh In On Amplify High Income ETF

Several institutional investors have recently added to or reduced their stakes in YYY. LPL Financial LLC raised its position in shares of Amplify High Income ETF by 13.2% during the 4th quarter. LPL Financial LLC now owns 2,120,126 shares of the company’s stock valued at $24,424,000 after buying an additional 247,325 shares in the last quarter. LJI Wealth Management LLC raised its position in Amplify High Income ETF by 12.4% during the fourth quarter. LJI Wealth Management LLC now owns 1,237,404 shares of the company’s stock valued at $14,255,000 after purchasing an additional 136,962 shares during the period. International Assets Investment Management LLC purchased a new stake in Amplify High Income ETF during the fourth quarter valued at approximately $4,923,000. Commonwealth Equity Services LLC lifted its stake in shares of Amplify High Income ETF by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 290,203 shares of the company’s stock valued at $3,343,000 after purchasing an additional 7,236 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Amplify High Income ETF by 1,052.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 263,808 shares of the company’s stock worth $3,039,000 after purchasing an additional 240,908 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.