Amplify High Income ETF (NYSEARCA:YYY) Sees Unusually-High Trading Volume – Time to Buy?

Amplify High Income ETF (NYSEARCA:YYY) saw unusually-high trading volume on Friday . Approximately 527,561 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 377,301 shares.The stock last traded at $11.30 and had previously closed at $11.46.

Amplify High Income ETF Stock Down 1.6%

The stock’s 50 day moving average price is $11.69 and its two-hundred day moving average price is $11.71. The stock has a market cap of $673.42 million, a price-to-earnings ratio of 22.17 and a beta of 0.76.

Amplify High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend was Thursday, February 26th.

Hedge Funds Weigh In On Amplify High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of YYY. LPL Financial LLC boosted its stake in shares of Amplify High Income ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock worth $32,765,000 after buying an additional 99,341 shares during the last quarter. LJI Wealth Management LLC raised its position in Amplify High Income ETF by 14.1% during the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after acquiring an additional 211,845 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Amplify High Income ETF by 9.6% in the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after acquiring an additional 92,051 shares during the period. NWF Advisory Services Inc. lifted its holdings in Amplify High Income ETF by 6.5% in the fourth quarter. NWF Advisory Services Inc. now owns 650,045 shares of the company’s stock valued at $7,482,000 after acquiring an additional 39,450 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Amplify High Income ETF by 21,474,050.0% in the 4th quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock worth $4,943,000 after purchasing an additional 429,481 shares in the last quarter.

About Amplify High Income ETF

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.