Amplify High Income ETF (NYSEARCA:YYY) Sees Strong Trading Volume – Still a Buy?

Amplify High Income ETF (NYSEARCA:YYY) shares saw unusually-strong trading volume on Tuesday . Approximately 1,079,869 shares were traded during trading, an increase of 184% from the previous session’s volume of 380,056 shares.The stock last traded at $10.7850 and had previously closed at $10.87.

Amplify High Income ETF Stock Down 0.9%

The company has a market capitalization of $693.37 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The business’s 50-day moving average is $11.35 and its 200-day moving average is $11.38.

Institutional Trading of Amplify High Income ETF

Several large investors have recently added to or reduced their stakes in YYY. Wedbush Securities Inc. boosted its holdings in Amplify High Income ETF by 37.5% in the 2nd quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after purchasing an additional 88,794 shares during the last quarter. NWF Advisory Services Inc. increased its holdings in shares of Amplify High Income ETF by 6.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock worth $8,234,000 after buying an additional 42,200 shares during the last quarter. Intrua Financial LLC raised its position in shares of Amplify High Income ETF by 7.1% during the 1st quarter. Intrua Financial LLC now owns 415,255 shares of the company’s stock valued at $4,580,000 after buying an additional 27,462 shares during the period. International Assets Investment Management LLC lifted its holdings in Amplify High Income ETF by 4.6% in the first quarter. International Assets Investment Management LLC now owns 371,346 shares of the company’s stock valued at $4,103,000 after acquiring an additional 16,265 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Amplify High Income ETF by 16.8% in the 1st quarter. Cetera Investment Advisers now owns 242,369 shares of the company’s stock valued at $2,673,000 after purchasing an additional 34,916 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.