Amplify AI Powered Equity ETF $AIEQ Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its position in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,443 shares of the company’s stock after selling 1,459 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.20% of Amplify AI Powered Equity ETF worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIEQ. Wood Tarver Financial Group LLC purchased a new stake in shares of Amplify AI Powered Equity ETF during the 4th quarter worth about $179,000. LPL Financial LLC raised its holdings in Amplify AI Powered Equity ETF by 10.0% in the 1st quarter. LPL Financial LLC now owns 187,074 shares of the company’s stock worth $6,896,000 after purchasing an additional 17,044 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Amplify AI Powered Equity ETF in the fourth quarter valued at approximately $6,579,000.

Amplify AI Powered Equity ETF Stock Performance

Amplify AI Powered Equity ETF stock opened at $44.88 on Monday. The company’s fifty day moving average price is $43.62 and its 200 day moving average price is $40.49. The stock has a market capitalization of $118.03 million, a P/E ratio of 26.62 and a beta of 1.18. Amplify AI Powered Equity ETF has a 1 year low of $31.27 and a 1 year high of $44.88.

Amplify AI Powered Equity ETF Company Profile

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.