Anchor Capital Management Group Inc Invests $576,000 in Amplify High Income ETF (NYSEARCA:YYY)

Anchor Capital Management Group Inc acquired a new stake in Amplify High Income ETF (NYSEARCA:YYY) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $576,000. Amplify High Income ETF accounts for 0.2% of Anchor Capital Management Group Inc’s portfolio, making the stock its 17th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Amplify High Income ETF by 13.2% during the 4th quarter. LPL Financial LLC now owns 2,120,126 shares of the company’s stock worth $24,424,000 after purchasing an additional 247,325 shares during the period. LJI Wealth Management LLC increased its holdings in Amplify High Income ETF by 12.4% in the fourth quarter. LJI Wealth Management LLC now owns 1,237,404 shares of the company’s stock valued at $14,255,000 after buying an additional 136,962 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Amplify High Income ETF during the 4th quarter valued at approximately $4,923,000. Commonwealth Equity Services LLC boosted its stake 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 worth $3,343,000 after acquiring an additional 7,236 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Amplify High Income ETF by 1,052.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 263,808 shares of the company’s stock worth $3,039,000 after acquiring an additional 240,908 shares during the period.

Amplify High Income ETF Stock Performance

Shares of YYY stock opened at $10.49 on Friday. The stock has a fifty day moving average price of $11.70 and a 200 day moving average price of $11.92. The stock has a market cap of $499.32 million, a PE ratio of 23.03 and a beta of 0.73. Amplify High Income ETF has a 1 year low of $10.48 and a 1 year high of $12.40.

Amplify High Income ETF Dividend Announcement

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

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.