Amplify High Income ETF (NYSEARCA:YYY) Sees Strong Trading Volume – What’s Next?

Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Wednesday . 2,127,838 shares were traded during trading, an increase of 458% from the previous session’s volume of 381,385 shares.The stock last traded at $11.38 and had previously closed at $11.49.

Amplify High Income ETF Stock Up 0.5%

The company has a market capitalization of $702.81 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The stock has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $11.53.

Hedge Funds Weigh In On Amplify High Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Amplify High Income ETF by 3.6% in the fourth 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 last quarter. LJI Wealth Management LLC boosted its holdings in Amplify High Income ETF by 14.1% in the fourth 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 last quarter. Osaic Holdings Inc. boosted its holdings in Amplify High Income ETF by 9.6% in the fourth 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 last quarter. NWF Advisory Services Inc. boosted its holdings in Amplify High Income ETF by 3.4% in the first quarter. NWF Advisory Services Inc. now owns 671,945 shares of the company’s stock valued at $7,412,000 after purchasing an additional 21,900 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in 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 valued at $4,943,000 after purchasing an additional 429,481 shares during the last quarter.

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.