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

Amplify High Income ETF (NYSEARCA:YYY) saw strong trading volume on Friday . 527,561 shares were traded during trading, an increase of 40% from the previous session’s volume of 377,301 shares.The stock last traded at $11.30 and had previously closed at $11.46.

Amplify High Income ETF Trading Down 1.4%

The company has a market capitalization of $674.61 million, a PE ratio of 22.17 and a beta of 0.76. The firm has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $11.71.

Amplify High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Trading of Amplify High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its holdings in Amplify High Income ETF by 5.4% during the third quarter. Golden State Wealth Management LLC now owns 16,611 shares of the company’s stock worth $196,000 after buying an additional 855 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Amplify High Income ETF by 4.6% during the 3rd quarter. Money Concepts Capital Corp now owns 20,802 shares of the company’s stock valued at $246,000 after acquiring an additional 911 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Amplify High Income ETF by 6.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 15,606 shares of the company’s stock worth $183,000 after acquiring an additional 1,000 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Amplify High Income ETF by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after acquiring an additional 1,052 shares during the period. Finally, Ignite Planners LLC increased its stake in Amplify High Income ETF by 2.9% in the 4th quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock valued at $646,000 after purchasing an additional 1,586 shares in the last quarter.

About Amplify High Income ETF

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.