Amplify High Income ETF (NYSEARCA:YYY) Sets New 12-Month Low – Here’s What Happened

Amplify High Income ETF (NYSEARCA:YYY)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $10.21 and last traded at $10.2290, with a volume of 366,113 shares. The stock had previously closed at $10.35.

Amplify High Income ETF Trading Up 1.1%

The firm has a 50 day moving average price of $10.93 and a 200 day moving average price of $11.25. The stock has a market capitalization of $652.11 million, a PE ratio of 22.17 and a beta of 0.73.

Institutional Trading of Amplify High Income ETF

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in Amplify High Income ETF in the first quarter worth about $66,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Amplify High Income ETF during the 1st quarter valued at about $70,000. Fifth Third Bancorp purchased a new position in shares of Amplify High Income ETF during the 1st quarter valued at about $77,000. Baird Financial Group Inc. purchased a new position in shares of Amplify High Income ETF during the 2nd quarter valued at about $123,000. Finally, Alpine Global Management LLC bought a new position in shares of Amplify High Income ETF during the 4th quarter valued at approximately $144,000.

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.