Amplify High Income ETF (NYSEARCA:YYY) Stock Price Down 0.2% – Should You Sell?

Amplify High Income ETF (NYSEARCA:YYY) shares dropped 0.2% during trading on Tuesday . The company traded as low as $11.35 and last traded at $11.36. 301,902 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 391,991 shares. The stock had previously closed at $11.38.

Amplify High Income ETF Trading Down 0.2%

The firm has a market cap of $723.63 million, a P/E ratio of 22.17 and a beta of 0.71. The business has a 50-day moving average of $11.46 and a two-hundred day moving average of $11.49.

Institutional Trading of Amplify High Income ETF

Hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Amplify High Income ETF during the first quarter worth about $66,000. LFA Lugano Financial Advisors SA bought a new position in Amplify High Income ETF in the 1st quarter valued at approximately $70,000. Fifth Third Bancorp bought a new position in Amplify High Income ETF in the 1st quarter valued at approximately $77,000. Triumph Capital Management acquired a new stake in Amplify High Income ETF during the 3rd quarter worth approximately $105,000. Finally, Comerica Bank boosted its position in Amplify High Income ETF by 119.4% during the 4th quarter. Comerica Bank now owns 11,006 shares of the company’s stock worth $127,000 after buying an additional 5,989 shares during the period.

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.