Amplify High Income ETF (NYSEARCA:YYY) Shares Up 0.5% – Here’s Why

Amplify High Income ETF (NYSEARCA:YYY) rose 0.5% during trading on Tuesday . The company traded as high as $11.44 and last traded at $11.44. Approximately 178,349 shares were traded during trading, a decline of 53% from the average daily volume of 378,692 shares. The stock had previously closed at $11.38.

Amplify High Income ETF Price Performance

The firm has a market cap of $736.16 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The business’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $11.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YYY. HighTower Advisors LLC lifted its stake in shares of Amplify High Income ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after purchasing an additional 1,052 shares during the period. Ignite Planners LLC boosted its holdings in shares of Amplify High Income ETF by 2.9% during the fourth quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock worth $646,000 after purchasing an additional 1,586 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Amplify High Income ETF by 12.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after purchasing an additional 1,824 shares during the period. NewEdge Advisors LLC grew its position in shares of Amplify High Income ETF by 3.2% in the first quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock valued at $670,000 after purchasing an additional 1,842 shares during the period. Finally, Harbour Investments Inc. increased its stake in Amplify High Income ETF by 15.7% in the fourth quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock valued at $186,000 after purchasing an additional 2,192 shares during the last quarter.

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.