Amplify High Income ETF (NYSEARCA:YYY) Sets New 52-Week Low – Should You Sell?

Shares of Amplify High Income ETF (NYSEARCA:YYY) hit a new 52-week low on Thursday. The stock traded as low as $10.20 and last traded at $10.2150, with a volume of 157,164 shares. The stock had previously closed at $10.32.

Amplify High Income ETF Stock Down 0.5%

The business’s fifty day moving average is $10.83 and its 200-day moving average is $11.23. The stock has a market capitalization of $649.58 million, a PE ratio of 22.17 and a beta of 0.73.

Institutional Trading of Amplify High Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. NWF Advisory Services Inc. raised its position in shares of 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 buying an additional 42,200 shares during the period. Intrua Financial LLC grew its holdings in shares of Amplify High Income ETF by 7.1% during the 1st quarter. Intrua Financial LLC now owns 415,255 shares of the company’s stock worth $4,580,000 after purchasing an additional 27,462 shares during the period. Envestnet Asset Management Inc. raised its holdings in Amplify High Income ETF by 12.9% in the second quarter. Envestnet Asset Management Inc. now owns 408,072 shares of the company’s stock valued at $4,705,000 after buying an additional 46,527 shares during the period. International Assets Investment Management LLC raised its holdings in Amplify High Income ETF by 4.6% in the first quarter. International Assets Investment Management LLC now owns 371,346 shares of the company’s stock valued at $4,103,000 after buying an additional 16,265 shares during the period. Finally, Wedbush Securities Inc. lifted its position in Amplify High Income ETF by 37.5% during the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after buying an additional 88,794 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.