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

Amplify High Income ETF (NYSEARCA:YYY) shares saw unusually-strong trading volume on Tuesday . 329,657 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 389,243 shares.The stock last traded at $11.29 and had previously closed at $11.26.

Amplify High Income ETF Stock Up 0.4%

The business’s fifty day moving average is $11.44 and its 200-day moving average is $11.48. The stock has a market capitalization of $729.09 million, a PE ratio of 22.17 and a beta of 0.71.

Institutional Trading of Amplify High Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in YYY. Wells Fargo & Company MN grew its holdings in shares of Amplify High Income ETF by 21,474,050.0% during the 4th quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock worth $4,943,000 after purchasing an additional 429,481 shares during the period. LJI Wealth Management LLC increased its position in Amplify High Income ETF by 14.1% during the 4th quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock worth $19,689,000 after purchasing an additional 211,845 shares in the last quarter. LPL Financial LLC raised its holdings in Amplify High Income ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock valued at $32,765,000 after buying an additional 99,341 shares during the period. Osaic Holdings Inc. raised its holdings in Amplify High Income ETF by 9.6% in the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after buying an additional 92,051 shares during the period. Finally, Larson Financial Group LLC lifted its position in Amplify High Income ETF by 86.6% during the third quarter. Larson Financial Group LLC now owns 190,039 shares of the company’s stock valued at $2,244,000 after buying an additional 88,200 shares in 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.