Amplify AI Powered Equity ETF (AIEQ) to Issue Quarterly Dividend of $0.19 on December 31st

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) declared a quarterly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.1943 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, December 30th.

Amplify AI Powered Equity ETF Stock Down 0.6%

Shares of AIEQ opened at $45.51 on Wednesday. The stock’s fifty day simple moving average is $45.13 and its 200-day simple moving average is $44.12. The firm has a market capitalization of $119.24 million, a PE ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 12-month low of $31.27 and a 12-month high of $46.63.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Amplify AI Powered Equity ETF during the second quarter worth approximately $124,000. Arkadios Wealth Advisors bought a new stake in shares of Amplify AI Powered Equity ETF during the 2nd quarter valued at $221,000. Citadel Advisors LLC raised its position in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock valued at $771,000 after purchasing an additional 442 shares during the period.

About Amplify AI Powered Equity ETF

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.