Wedbush Securities Inc. Has $8.73 Million Stake in Amplify High Income ETF $YYY

Wedbush Securities Inc. grew its position in Amplify High Income ETF (NYSEARCA:YYY) by 37.5% during the second quarter, HoldingsChannel.com reports. The firm owned 325,327 shares of the company’s stock after buying an additional 88,794 shares during the quarter. Wedbush Securities Inc.’s holdings in Amplify High Income ETF were worth $8,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in Amplify High Income ETF in the 1st quarter valued at approximately $66,000. LFA Lugano Financial Advisors SA acquired a new position in Amplify High Income ETF during the 1st quarter worth approximately $70,000. Fifth Third Bancorp bought a new position in shares of Amplify High Income ETF during the 1st quarter worth approximately $77,000. Triumph Capital Management bought a new position in shares of Amplify High Income ETF during the 3rd quarter worth approximately $105,000. Finally, Comerica Bank raised its holdings in shares of Amplify High Income ETF by 119.4% in the fourth quarter. Comerica Bank now owns 11,006 shares of the company’s stock valued at $127,000 after purchasing an additional 5,989 shares during the last quarter.

Amplify High Income ETF Stock Down 1.4%

NYSEARCA YYY opened at $11.26 on Friday. The firm’s 50 day moving average is $11.44 and its 200-day moving average is $11.44. The company has a market capitalization of $724.58 million, a PE ratio of 22.17 and a beta of 0.72. Amplify High Income ETF has a 12-month low of $10.69 and a 12-month high of $11.93.

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.