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

Amplify High Income ETF (NYSEARCA:YYY) shares reached a new 52-week low on Friday . The stock traded as low as $11.38 and last traded at $11.40, with a volume of 92875 shares. The stock had previously closed at $11.45.

Amplify High Income ETF Stock Down 1.4 %

The firm has a market cap of $532.85 million, a P/E ratio of 23.17 and a beta of 0.85. The business’s 50 day moving average is $11.78 and its two-hundred day moving average is $11.95.

Amplify High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 12.62%. The ex-dividend date of this dividend is Friday, March 28th.

Institutional Investors Weigh In On Amplify High Income ETF

Several large investors have recently added to or reduced their stakes in YYY. IronOak Wealth LLC. bought a new position in Amplify High Income ETF during the fourth quarter worth $126,000. Armis Advisers LLC acquired a new position in shares of Amplify High Income ETF during the fourth quarter valued at about $341,000. First Heartland Consultants Inc. boosted its position in shares of Amplify High Income ETF by 89.3% during the 4th quarter. First Heartland Consultants Inc. now owns 33,010 shares of the company’s stock worth $380,000 after purchasing an additional 15,568 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Amplify High Income ETF by 15.4% in the 4th quarter. Cetera Investment Advisers now owns 128,466 shares of the company’s stock valued at $1,480,000 after buying an additional 17,144 shares during the period. Finally, Jane Street Group LLC bought a new stake in Amplify High Income ETF in the 4th quarter valued at about $183,000.

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.