Strategic Financial Concepts LLC Invests $263,000 in Amplify High Income ETF (NYSEARCA:YYY)

Strategic Financial Concepts LLC purchased a new position in Amplify High Income ETF (NYSEARCA:YYY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,800 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. grew its stake in Amplify High Income ETF by 43.9% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 3,599 shares of the company’s stock worth $42,000 after buying an additional 1,098 shares in the last quarter. ORG Partners LLC increased its stake in Amplify High Income ETF by 107.8% in the third quarter. ORG Partners LLC now owns 6,000 shares of the company’s stock valued at $67,000 after acquiring an additional 3,113 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Amplify High Income ETF during the fourth quarter valued at approximately $118,000. Endowment Wealth Management Inc. bought a new stake in Amplify High Income ETF during the fourth quarter worth $122,000. Finally, Sigma Planning Corp bought a new stake in Amplify High Income ETF during the third quarter worth $128,000.

Amplify High Income ETF Stock Down 0.6 %

Shares of YYY traded down $0.07 during midday trading on Tuesday, hitting $11.61. The company’s stock had a trading volume of 308,066 shares, compared to its average volume of 251,204. Amplify High Income ETF has a one year low of $10.37 and a one year high of $12.10. The stock has a market capitalization of $445.24 million, a price-to-earnings ratio of 15.18 and a beta of 0.47. The company’s fifty day simple moving average is $11.86 and its two-hundred day simple moving average is $11.61.

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.