Amplify High Income ETF (NYSEARCA:YYY) Stock Position Increased by LJI Wealth Management LLC

LJI Wealth Management LLC increased its holdings in Amplify High Income ETF (NYSEARCA:YYY) by 8.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,100,442 shares of the company’s stock after purchasing an additional 84,179 shares during the quarter. Amplify High Income ETF makes up approximately 2.8% of LJI Wealth Management LLC’s holdings, making the stock its 10th biggest holding. LJI Wealth Management LLC’s holdings in Amplify High Income ETF were worth $13,568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YYY. Independent Wealth Network Inc. raised its stake in shares of Amplify High Income ETF by 0.9% in the 1st quarter. Independent Wealth Network Inc. now owns 125,439 shares of the company’s stock valued at $1,513,000 after acquiring an additional 1,083 shares during the period. Rockport Wealth LLC raised its position in Amplify High Income ETF by 0.9% in the second quarter. Rockport Wealth LLC now owns 136,349 shares of the company’s stock valued at $1,638,000 after purchasing an additional 1,222 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Amplify High Income ETF by 9.7% during the first quarter. Oppenheimer & Co. Inc. now owns 17,338 shares of the company’s stock worth $209,000 after purchasing an additional 1,532 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of Amplify High Income ETF during the second quarter worth $28,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Amplify High Income ETF by 21.1% during the third quarter. Concurrent Investment Advisors LLC now owns 19,785 shares of the company’s stock worth $244,000 after buying an additional 3,448 shares during the period.

Amplify High Income ETF Price Performance

Shares of YYY stock traded down $0.06 on Friday, hitting $11.93. The stock had a trading volume of 232,665 shares, compared to its average volume of 246,852. The company’s 50 day moving average price is $12.19 and its 200-day moving average price is $12.07. Amplify High Income ETF has a 1 year low of $11.21 and a 1 year high of $12.40. The firm has a market capitalization of $430.67 million, a P/E ratio of 15.05 and a beta of 0.47.

Amplify High Income ETF Profile

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.