Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $48.15 and traded as low as $47.73. Amplify AI Powered Equity ETF shares last traded at $48.10, with a volume of 3,373 shares trading hands.

Amplify AI Powered Equity ETF Stock Performance

The stock has a market capitalization of $111.27 million, a P/E ratio of 21.25 and a beta of 1.18. The firm’s 50-day simple moving average is $49.39 and its 200 day simple moving average is $48.17.

Institutional Trading of Amplify AI Powered Equity ETF

A hedge fund recently raised its position in Amplify AI Powered Equity ETF stock. Wellington Altus USA Inc. lifted its position in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 161.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,750 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Wellington Altus USA Inc. owned 0.14% of Amplify AI Powered Equity ETF worth $136,000 at the end of the most recent quarter.

Amplify AI Powered Equity ETF Company Profile

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.