Amplify High Income ETF (NYSEARCA:YYY) Trading Down 0.2% – Should You Sell?

Shares of Amplify High Income ETF (NYSEARCA:YYY) fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $11.35 and last traded at $11.36. 301,902 shares changed hands during trading, a decline of 23% from the average daily volume of 391,991 shares. The stock had previously closed at $11.38.

Amplify High Income ETF Price Performance

The company has a market cap of $723.63 million, a price-to-earnings ratio of 22.17 and a beta of 0.71. The business’s fifty day moving average price is $11.46 and its 200 day moving average price is $11.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YYY. NewEdge Advisors LLC grew its position in shares of Amplify High Income ETF by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock valued at $670,000 after buying an additional 1,842 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Amplify High Income ETF by 48.8% during the second quarter. Raymond James Financial Inc. now owns 250,691 shares of the company’s stock worth $2,936,000 after acquiring an additional 82,164 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Amplify High Income ETF during the second quarter worth about $396,000. Private Advisor Group LLC acquired a new position in shares of Amplify High Income ETF in the third quarter worth approximately $184,000. Finally, Bank of America Corp DE lifted its stake in shares of Amplify High Income ETF by 1,126,300.0% in the third quarter. Bank of America Corp DE now owns 11,264 shares of the company’s stock worth $133,000 after acquiring an additional 11,263 shares during the period.

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.