Amplify High Income ETF (NYSEARCA:YYY) Reaches New 12-Month Low – Should You Sell?

Shares of Amplify High Income ETF (NYSEARCA:YYY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $11.40 and last traded at $11.40, with a volume of 317736 shares trading hands. The stock had previously closed at $11.48.

Amplify High Income ETF Stock Down 0.5 %

The stock’s 50 day moving average price is $11.80 and its two-hundred day moving average price is $12.00. The stock has a market cap of $539.60 million, a price-to-earnings ratio of 24.09 and a beta of 0.85.

Amplify High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.61%.

Institutional Trading of Amplify High Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Amplify High Income ETF during the 4th quarter worth approximately $4,923,000. LPL Financial LLC boosted its stake in shares of Amplify High Income ETF by 13.2% in the fourth quarter. LPL Financial LLC now owns 2,120,126 shares of the company’s stock worth $24,424,000 after acquiring an additional 247,325 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of Amplify High Income ETF by 1,052.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 263,808 shares of the company’s stock worth $3,039,000 after purchasing an additional 240,908 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Amplify High Income ETF in the 4th quarter valued at $1,685,000. Finally, LJI Wealth Management LLC raised its stake in Amplify High Income ETF by 12.4% in the 4th quarter. LJI Wealth Management LLC now owns 1,237,404 shares of the company’s stock valued at $14,255,000 after purchasing an additional 136,962 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.