Amplify High Income ETF (NYSEARCA:YYY) Hits New 52-Week Low – What’s Next?

Amplify High Income ETF (NYSEARCA:YYY) hit a new 52-week low during mid-day trading 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 Stock Performance

The stock has a market cap of $665.83 million, a PE ratio of 22.17 and a beta of 0.73. The company’s 50-day moving average price is $10.72 and its 200 day moving average price is $11.29.

Institutional Trading of Amplify High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. VectorGlobal IAG Inc. purchased a new stake in Amplify High Income ETF in the 1st quarter valued at about $631,000. Wedbush Securities Inc. lifted its position in Amplify High Income ETF by 37.5% in the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after buying an additional 88,794 shares during the last quarter. PFG Investments LLC lifted its position in Amplify High Income ETF by 491.1% in the first quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock valued at $723,000 after buying an additional 54,442 shares during the last quarter. First Heartland Consultants Inc. boosted its stake 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 buying an additional 6,725 shares during the period. 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

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.