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

Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Thursday. 2,909,094 shares traded hands during mid-day trading, an increase of 622% from the previous session’s volume of 402,898 shares. The stock last traded at $10.2950 and had previously closed at $10.20.

Amplify High Income ETF Stock Down 0.2%

The stock has a market capitalization of $650.84 million, a P/E ratio of 22.17 and a beta of 0.73. The firm has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $11.24.

Institutional Investors Weigh In On Amplify High Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in YYY. Envestnet Asset Management Inc. increased its holdings in Amplify High Income ETF by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 408,072 shares of the company’s stock worth $4,705,000 after buying an additional 46,527 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Amplify High Income ETF during the second quarter valued at approximately $123,000. NWF Advisory Services Inc. grew its position in Amplify High Income ETF by 6.3% in the 2nd quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock worth $8,234,000 after purchasing an additional 42,200 shares during the period. Concurrent Investment Advisors LLC raised its stake in Amplify High Income ETF by 12.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after buying an additional 1,824 shares during the last quarter. Finally, First PREMIER Bank purchased a new stake in Amplify High Income ETF during the 2nd quarter valued at $327,000.

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.