Amplify High Income ETF (NYSEARCA:YYY) Sees Unusually-High Trading Volume – Should You Buy?

Amplify High Income ETF (NYSEARCA:YYY) shares saw an uptick in trading volume on Monday . 812,708 shares changed hands during trading, an increase of 101% from the previous session’s volume of 404,599 shares.The stock last traded at $11.46 and had previously closed at $11.38.

Amplify High Income ETF Price Performance

The stock’s 50-day moving average price is $11.44 and its 200-day moving average price is $11.52. The company has a market cap of $705.28 million, a P/E ratio of 22.17 and a beta of 0.72.

Institutional Investors Weigh In On Amplify High Income ETF

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of Amplify High Income ETF in the third quarter valued at about $41,000. Western Wealth Management LLC bought a new stake in shares of Amplify High Income ETF in the first quarter valued at about $66,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Amplify High Income ETF in the first quarter valued at about $70,000. Fifth Third Bancorp bought a new stake in shares of Amplify High Income ETF in the first quarter valued at about $77,000. Finally, Triumph Capital Management bought a new stake in Amplify High Income ETF during the third quarter worth about $105,000.

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.