Amplify High Income ETF (NYSEARCA:YYY) Sets New 1-Year Low – Time to Sell?

Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) shares reached a new 52-week low on Thursday. The company traded as low as $10.16 and last traded at $10.28, with a volume of 69,279 shares. The stock had previously closed at $10.32.

Amplify High Income ETF Trading Down 0.0%

The firm has a market capitalization of $665.83 million, a price-to-earnings ratio of 22.17 and a beta of 0.73. The company has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $11.29.

Hedge Funds Weigh In On Amplify High Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. VectorGlobal IAG Inc. acquired a new position in shares of Amplify High Income ETF during the 1st quarter valued at about $631,000. Wedbush Securities Inc. increased its position in Amplify High Income ETF by 37.5% during the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock worth $8,732,000 after purchasing an additional 88,794 shares during the last quarter. PFG Investments LLC increased its position in Amplify High Income ETF by 491.1% during the first quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock worth $723,000 after purchasing an additional 54,442 shares during the last quarter. First Heartland Consultants Inc. increased its position in Amplify High Income ETF by 9.9% during the second quarter. First Heartland Consultants Inc. now owns 74,788 shares of the company’s stock worth $862,000 after purchasing an additional 6,725 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Amplify High Income ETF during the first quarter worth about $66,000.

Amplify High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Amplify High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.