Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Price Down 2.2% – Time to Sell?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) fell 2.2% during trading on Tuesday . The company traded as low as $44.71 and last traded at $44.73. 9,275 shares were traded during trading, an increase of 12% from the average session volume of 8,315 shares. The stock had previously closed at $45.73.

Amplify AI Powered Equity ETF Trading Down 2.2%

The business has a 50 day simple moving average of $45.12 and a two-hundred day simple moving average of $44.52. The stock has a market cap of $116.30 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1943 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of Amplify AI Powered Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Amplify AI Powered Equity ETF during the 2nd quarter worth $124,000. Arkadios Wealth Advisors acquired a new stake in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at about $221,000. Citadel Advisors LLC lifted its position in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after purchasing an additional 7,793 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after purchasing an additional 442 shares in the last quarter.

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.