Amplify High Income ETF (NYSEARCA:YYY) Sees Strong Trading Volume – Here’s Why

Shares of Amplify High Income ETF (NYSEARCA:YYYGet Free Report) saw an uptick in trading volume on Tuesday . 329,657 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 389,243 shares.The stock last traded at $11.29 and had previously closed at $11.26.

Amplify High Income ETF Stock Down 0.2%

The firm’s 50 day simple moving average is $11.43 and its two-hundred day simple moving average is $11.47. The stock has a market cap of $729.09 million, a P/E ratio of 22.17 and a beta of 0.72.

Institutional Investors Weigh In On Amplify High Income ETF

Several large investors have recently added to or reduced their stakes in YYY. NewEdge Advisors LLC lifted its position in Amplify High Income ETF by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock valued at $670,000 after purchasing an additional 1,842 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Amplify High Income ETF by 48.8% in the second quarter. Raymond James Financial Inc. now owns 250,691 shares of the company’s stock worth $2,936,000 after acquiring an additional 82,164 shares in the last quarter. Jane Street Group LLC acquired a new stake in Amplify High Income ETF during the 2nd quarter worth about $396,000. Private Advisor Group LLC purchased a new stake in Amplify High Income ETF in the 3rd quarter worth approximately $184,000. Finally, Bank of America Corp DE boosted its position in Amplify High Income ETF by 1,126,300.0% during the third quarter. Bank of America Corp DE now owns 11,264 shares of the company’s stock valued at $133,000 after purchasing an additional 11,263 shares during the last quarter.

Amplify High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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