Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Trading Down 0.1% – Here’s Why

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)’s share price traded down 0.1% on Monday . The stock traded as low as $48.47 and last traded at $48.79. 8,794 shares were traded during trading, an increase of 86% from the average session volume of 4,730 shares. The stock had previously closed at $48.84.

Amplify AI Powered Equity ETF Stock Up 1.1%

The firm has a 50 day moving average price of $45.90 and a two-hundred day moving average price of $45.53. The company has a market capitalization of $121.98 million, a price-to-earnings ratio of 26.62 and a beta of 1.17.

Institutional Trading of Amplify AI Powered Equity ETF

Several large investors have recently modified their holdings of AIEQ. Kestra Advisory Services LLC acquired a new stake in shares of Amplify AI Powered Equity ETF during the fourth quarter valued at about $38,000. Parallel Advisors LLC acquired a new stake in shares of Amplify AI Powered Equity ETF during the fourth quarter valued at about $45,000. Royal Bank of Canada grew its stake in shares of Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after acquiring an additional 1,765 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Amplify AI Powered Equity ETF during the second quarter valued at about $124,000. Finally, Citadel Advisors LLC grew its stake in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares in the last quarter.

Amplify AI Powered Equity ETF Company Profile

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.