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

Amplify High Income ETF (NYSEARCA:YYY)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $10.46 and last traded at $10.48, with a volume of 710133 shares traded. The stock had previously closed at $10.61.

Amplify High Income ETF Price Performance

The stock has a market capitalization of $669.51 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The firm’s fifty day moving average is $11.15 and its 200-day moving average is $11.31.

Institutional Investors Weigh In On Amplify High Income ETF

A number of institutional investors have recently modified their holdings of YYY. Western Wealth Management LLC acquired a new position in Amplify High Income ETF in the first quarter worth about $66,000. LFA Lugano Financial Advisors SA bought a new position in Amplify High Income ETF during the 1st quarter worth approximately $70,000. Fifth Third Bancorp bought a new position in Amplify High Income ETF during the 1st quarter worth approximately $77,000. Baird Financial Group Inc. acquired a new position in shares of Amplify High Income ETF in the 2nd quarter worth approximately $123,000. Finally, Alpine Global Management LLC acquired a new position in shares of Amplify High Income ETF in the 4th quarter worth approximately $144,000.

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.