Amplify High Income ETF (NYSEARCA:YYY) Hits New 52-Week Low – Here’s Why

Amplify High Income ETF (NYSEARCA:YYY)’s stock price reached a new 52-week low on Thursday . The company traded as low as $11.18 and last traded at $11.19, with a volume of 152054 shares changing hands. The stock had previously closed at $11.40.

Amplify High Income ETF Stock Performance

The company has a market capitalization of $499.32 million, a price-to-earnings ratio of 23.03 and a beta of 0.73. The firm has a fifty day moving average price of $11.70 and a 200-day moving average price of $11.92.

Amplify High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a yield of 13.73%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YYY. Commonwealth Equity Services LLC grew its holdings in shares of Amplify High Income ETF by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 290,203 shares of the company’s stock valued at $3,343,000 after purchasing an additional 7,236 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amplify High Income ETF during the fourth quarter worth $1,685,000. Independent Wealth Network Inc. increased its holdings in shares of Amplify High Income ETF by 1.9% during the fourth quarter. Independent Wealth Network Inc. now owns 144,565 shares of the company’s stock worth $1,665,000 after buying an additional 2,693 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Amplify High Income ETF by 11.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 57,607 shares of the company’s stock valued at $664,000 after acquiring an additional 5,872 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Amplify High Income ETF during the 4th quarter valued at $594,000.

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.