Amplify High Income ETF (NYSEARCA:YYY) Reaches New 12-Month Low – Here’s Why

Amplify High Income ETF (NYSEARCA:YYY) shares hit 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 changing hands. The stock had previously closed at $11.45.

Amplify High Income ETF Price Performance

The firm has a 50-day moving average of $11.79 and a 200 day moving average of $11.96. The company has a market capitalization of $531.68 million, a PE ratio of 23.17 and a beta of 0.85.

Amplify High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.65%. The ex-dividend date of this dividend was Thursday, February 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in Amplify High Income ETF in the 4th quarter worth approximately $29,000. Larson Financial Group LLC boosted its holdings in Amplify High Income ETF by 329.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,718 shares of the company’s stock worth $46,000 after buying an additional 2,853 shares during the period. Golden State Wealth Management LLC bought a new stake in Amplify High Income ETF during the fourth quarter valued at about $98,000. IronOak Wealth LLC. purchased a new position in shares of Amplify High Income ETF in the fourth quarter valued at about $126,000. Finally, Money Concepts Capital Corp boosted its stake in shares of Amplify High Income ETF by 12.6% in the fourth quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock worth $140,000 after acquiring an additional 1,359 shares during the period.

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.