Raymond James Financial Inc. Buys New Shares in Amplify High Income ETF (NYSEARCA:YYY)

Raymond James Financial Inc. purchased a new position in shares of Amplify High Income ETF (NYSEARCA:YYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 146,280 shares of the company’s stock, valued at approximately $1,685,000. Raymond James Financial Inc. owned 0.41% of Amplify High Income ETF at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Amplify High Income ETF during the fourth quarter worth $29,000. Larson Financial Group LLC lifted its holdings in Amplify High Income ETF by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 5,897 shares of the company’s stock worth $68,000 after buying an additional 2,179 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Amplify High Income ETF during the 4th quarter worth about $98,000. Money Concepts Capital Corp increased its holdings in shares of Amplify High Income ETF by 12.6% in the 4th quarter. Money Concepts Capital Corp now owns 12,186 shares of the company’s stock valued at $140,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC acquired a new stake in shares of Amplify High Income ETF during the 4th quarter worth about $170,000.

Amplify High Income ETF Stock Up 0.1 %

Shares of YYY opened at $11.19 on Friday. The company has a market capitalization of $529.85 million, a price-to-earnings ratio of 21.99 and a beta of 0.73. Amplify High Income ETF has a 52-week low of $9.87 and a 52-week high of $12.40. The stock has a 50 day moving average price of $11.23 and a 200 day moving average price of $11.71.

Amplify High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date was Thursday, February 27th.

Amplify High Income ETF 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.