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

Amplify High Income ETF (NYSEARCA:YYY)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $11.40 and last traded at $11.40, with a volume of 317736 shares trading hands. The stock had previously closed at $11.48.

Amplify High Income ETF Stock Down 0.3 %

The company has a market capitalization of $541.01 million, a P/E ratio of 24.09 and a beta of 0.85. The firm’s 50-day moving average price is $11.80 and its 200 day moving average price is $12.01.

Amplify High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 12.58%. The ex-dividend date was Thursday, February 27th.

Institutional Investors Weigh In On Amplify High Income ETF

A number of institutional investors have recently added to or reduced their stakes in YYY. Geneos Wealth Management Inc. bought a new position in Amplify High Income ETF in the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in shares of Amplify High Income ETF by 329.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,718 shares of the company’s stock worth $46,000 after buying an additional 2,853 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Amplify High Income ETF during the fourth quarter valued at about $98,000. IronOak Wealth LLC. purchased a new stake in Amplify High Income ETF during the fourth quarter worth about $126,000. Finally, Money Concepts Capital Corp raised its position in Amplify High Income ETF by 12.6% in the fourth quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock worth $140,000 after acquiring an additional 1,359 shares during the period.

About Amplify High Income ETF

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.