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

Shares of Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Wednesday . 2,127,838 shares were traded during mid-day 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 Down 0.9%

The firm has a market cap of $702.19 million, a P/E ratio of 22.17 and a beta of 0.73. The firm’s 50-day simple moving average is $11.38 and its 200 day simple moving average is $11.53.

Institutional Trading of Amplify High Income ETF

Several hedge funds have recently added to or reduced their stakes in YYY. Wells Fargo & Company MN raised its position 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 worth $4,943,000 after acquiring an additional 429,481 shares during the period. LJI Wealth Management LLC lifted its holdings in Amplify High Income ETF by 14.1% during 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. LPL Financial LLC lifted its holdings in Amplify High Income ETF by 3.6% during 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. Osaic Holdings Inc. lifted its holdings in Amplify High Income ETF by 9.6% during 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. Finally, Larson Financial Group LLC lifted its holdings in Amplify High Income ETF by 86.6% during the third 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 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.