Amplify High Income ETF $YYY Stock Sold by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its holdings in shares of Amplify High Income ETF (NYSEARCA:YYY) by 27.6% in the third quarter, HoldingsChannel.com reports. The fund owned 235,629 shares of the company’s stock after selling 89,698 shares during the quarter. Wedbush Securities Inc.’s holdings in Amplify High Income ETF were worth $2,446,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in YYY. Western Wealth Management LLC bought a new position in shares of Amplify High Income ETF in the 1st quarter worth about $66,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Amplify High Income ETF in the 1st quarter valued at about $70,000. Fifth Third Bancorp acquired a new position in shares of Amplify High Income ETF in the 1st quarter valued at about $77,000. Baird Financial Group Inc. bought a new stake in shares of Amplify High Income ETF during the 2nd quarter valued at about $123,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Amplify High Income ETF by 12.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after purchasing an additional 1,824 shares in the last quarter.

Amplify High Income ETF Price Performance

NYSEARCA YYY opened at $10.20 on Friday. The business has a 50 day simple moving average of $10.78 and a 200 day simple moving average of $11.22. Amplify High Income ETF has a one year low of $10.17 and a one year high of $11.91. The stock has a market capitalization of $652.29 million, a P/E ratio of 22.17 and a beta of 0.73.

Amplify High Income ETF 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.