Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,074 shares of the company’s stock after buying an additional 17,044 shares during the period. LPL Financial LLC owned approximately 6.80% of Amplify AI Powered Equity ETF worth $6,896,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at about $179,000. EPG Wealth Management LLC acquired a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at about $208,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at about $6,579,000.

Amplify AI Powered Equity ETF Trading Up 0.7%

Amplify AI Powered Equity ETF stock opened at $43.16 on Monday. The stock has a market cap of $113.30 million, a price-to-earnings ratio of 26.62 and a beta of 1.18. The company’s 50-day moving average price is $42.17 and its two-hundred day moving average price is $39.83. Amplify AI Powered Equity ETF has a 52 week low of $31.27 and a 52 week high of $43.80.

About Amplify AI Powered Equity ETF

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.