Independent Wealth Network Inc. Increases Stock Holdings in Amplify High Income ETF (NYSEARCA:YYY)

Independent Wealth Network Inc. increased its holdings in shares of Amplify High Income ETF (NYSEARCA:YYY) by 10.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 159,164 shares of the company’s stock after purchasing an additional 14,599 shares during the period. Independent Wealth Network Inc.’s holdings in Amplify High Income ETF were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YYY. LPL Financial LLC lifted its position in Amplify High Income ETF by 13.2% during the 4th quarter. LPL Financial LLC now owns 2,120,126 shares of the company’s stock worth $24,424,000 after acquiring an additional 247,325 shares during the period. LJI Wealth Management LLC lifted its holdings in shares of Amplify High Income ETF by 3.6% in the 1st quarter. LJI Wealth Management LLC now owns 1,282,507 shares of the company’s stock valued at $14,633,000 after buying an additional 45,103 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Amplify High Income ETF by 6.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 483,728 shares of the company’s stock valued at $5,519,000 after buying an additional 30,435 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Amplify High Income ETF by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 290,203 shares of the company’s stock valued at $3,343,000 after buying an additional 7,236 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Amplify High Income ETF by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 243,589 shares of the company’s stock valued at $2,779,000 after buying an additional 8,891 shares during the period.

Amplify High Income ETF Stock Up 0.1%

Shares of YYY stock opened at $11.72 on Friday. The stock has a market cap of $581.31 million, a PE ratio of 22.17 and a beta of 0.82. The business has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $11.52. Amplify High Income ETF has a 52-week low of $9.87 and a 52-week high of $12.40.

Amplify High Income ETF 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.