Amplify High Income ETF (NYSEARCA:YYY) Sets New 52-Week Low – Here’s What Happened

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

Amplify High Income ETF Trading Down 0.5 %

The company has a market capitalization of $539.60 million, a PE ratio of 24.09 and a beta of 0.85. The company has a fifty day simple moving average of $11.80 and a 200-day simple moving average of $12.00.

Amplify High Income ETF Announces Dividend

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

Institutional Trading of Amplify High Income ETF

Several hedge funds have recently made changes to their positions in YYY. Geneos Wealth Management Inc. purchased a new position in shares of Amplify High Income ETF during the 4th quarter worth $29,000. Larson Financial Group LLC lifted its position in Amplify High Income ETF by 329.8% in the third quarter. Larson Financial Group LLC now owns 3,718 shares of the company’s stock valued at $46,000 after buying an additional 2,853 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Amplify High Income ETF during the fourth quarter worth about $98,000. IronOak Wealth LLC. acquired a new stake in shares of Amplify High Income ETF during the fourth quarter valued at about $126,000. Finally, Money Concepts Capital Corp increased its position in shares of Amplify High Income ETF by 12.6% during the fourth quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock valued at $140,000 after acquiring an additional 1,359 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.