Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Price Up 0.4% – Still a Buy?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) shares rose 0.4% during trading on Friday . The stock traded as high as $45.00 and last traded at $44.99. Approximately 2,578 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 6,038 shares. The stock had previously closed at $44.83.

Amplify AI Powered Equity ETF Stock Performance

The stock has a market cap of $117.87 million, a PE ratio of 26.62 and a beta of 1.16. The stock has a fifty day moving average price of $44.94 and a 200 day moving average price of $43.35.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF in the 2nd quarter valued at $124,000. Arkadios Wealth Advisors purchased a new position in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at $221,000. Citadel Advisors LLC grew its stake in Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after buying an additional 442 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Amplify AI Powered Equity ETF by 10.0% during the first 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 in the last quarter.

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.