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

Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Wednesday . 557,132 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 404,872 shares.The stock last traded at $11.28 and had previously closed at $11.09.

Amplify High Income ETF Price Performance

The firm’s 50 day moving average is $11.44 and its 200 day moving average is $11.60. The company has a market capitalization of $680.22 million, a PE ratio of 22.17 and a beta of 0.75.

Amplify High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in YYY. Wells Fargo & Company MN increased its stake in shares of Amplify High Income ETF by 21,474,050.0% in the fourth quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock worth $4,943,000 after buying an additional 429,481 shares during the period. LJI Wealth Management LLC increased its position in Amplify High Income ETF by 14.1% during the 4th quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after purchasing an additional 211,845 shares during the period. LPL Financial LLC increased its position in Amplify High Income ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock valued at $32,765,000 after purchasing an additional 99,341 shares during the period. Osaic Holdings Inc. increased its position in Amplify High Income ETF by 9.6% during the 4th quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after purchasing an additional 92,051 shares during the period. Finally, Larson Financial Group LLC increased its position in Amplify High Income ETF by 86.6% during the 3rd quarter. Larson Financial Group LLC now owns 190,039 shares of the company’s stock valued at $2,244,000 after purchasing an additional 88,200 shares during the period.

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.