Amplify High Income ETF (NYSEARCA:YYY) share price rises 0.4%

Amplify High Income ETF (NYSEARCA:YYY – Free Report) stock price rose 0.4% on Friday. The company traded as high as $12.03 and was last seen at $12.02. About 219,703 shares changed hands during midday trading, a 10% decline from the average daily volume of 243,798 shares. The stock had previously closed at $11.97.

Boost the price performance of high-income ETFs

The company has a 50-day moving average of $11.95 and a 200-day moving average of $11.87. The company has a market cap of $433.56 million, a P/E ratio of 15.05 and a beta of 0.47.

Hedge funds comment on the Amplify High Income ETF

Several major investors have recently added to or reduced their holdings in the company. Independent Wealth Network Inc. increased its holdings in shares of Amplify High Income ETF by 0.9% in the first quarter. Independent Wealth Network Inc. now owns 125,439 shares of the company’s stock valued at $1,513,000 after purchasing an additional 1,083 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of Amplify High Income ETF by 43.9% in the fourth quarter. Carmichael Hill & Associates Inc. now owns 3,599 shares of the company’s stock valued at $42,000 after purchasing an additional 1,098 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Amplify High Income ETF by 9.7% in the first quarter. Oppenheimer & Co. Inc. now owns 17,338 shares of the company’s stock valued at $209,000 after buying an additional 1,532 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Amplify High Income ETF by 28.2% in the fourth quarter. ORG Partners LLC now owns 7,690 shares of the company’s stock valued at $89,000 after buying an additional 1,690 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Amplify High Income ETF by 3.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 58,235 shares of the company’s stock valued at $677,000 after buying an additional 1,964 shares in the last quarter.

Amplify High Income ETF Company Profile

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The Amplify High Income ETF (YYY) is an exchange-traded fund based on the ISE High Income Index. The fund tracks an index of U.S.-listed closed-end funds weighted by yield, discount to net asset value and trading volume. There are no restrictions on the assets or strategies of the underlying funds. YYY was launched on June 12, 2013 and is managed by Amplify.