Amplify High Income ETF (NYSEARCA:YYY) Hits New 52-Week Low – Time to Sell?

Shares of Amplify High Income ETF (NYSEARCA:YYY) hit a new 52-week low during trading on Thursday . The stock traded as low as $11.18 and last traded at $11.19, with a volume of 152054 shares trading hands. The stock had previously closed at $11.40.

Amplify High Income ETF Trading Down 1.7 %

The firm has a market capitalization of $533.60 million, a P/E ratio of 23.03 and a beta of 0.73. The business’s 50 day simple moving average is $11.75 and its two-hundred day simple moving average is $11.94.

Amplify High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 12.85%. The ex-dividend date was Friday, March 28th.

Hedge Funds Weigh In On Amplify High Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YYY. Geneos Wealth Management Inc. bought a new stake in Amplify High Income ETF in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in shares of Amplify High Income ETF by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 5,897 shares of the company’s stock worth $68,000 after acquiring an additional 2,179 shares during the period. Golden State Wealth Management LLC purchased a new stake in Amplify High Income ETF during the fourth quarter valued at $98,000. IronOak Wealth LLC. purchased a new stake in shares of Amplify High Income ETF during the 4th quarter valued at about $126,000. Finally, Money Concepts Capital Corp lifted its stake in shares of Amplify High Income ETF by 12.6% in the 4th quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock worth $140,000 after purchasing an additional 1,359 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.