Anchor Capital Management Group Inc Makes New Investment in Amplify High Income ETF (NYSEARCA:YYY)

Anchor Capital Management Group Inc bought a new stake in Amplify High Income ETF (NYSEARCA:YYY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $576,000. Amplify High Income ETF accounts for 0.2% of Anchor Capital Management Group Inc’s investment portfolio, making the stock its 17th biggest holding. Anchor Capital Management Group Inc owned approximately 0.14% of Amplify High Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of Amplify High Income ETF by 2.1% in the third quarter. HighTower Advisors LLC now owns 138,900 shares of the company’s stock worth $1,713,000 after buying an additional 2,900 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Amplify High Income ETF by 30.9% during the 3rd quarter. World Investment Advisors LLC now owns 15,110 shares of the company’s stock valued at $186,000 after acquiring an additional 3,571 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Amplify High Income ETF in the fourth quarter valued at approximately $4,923,000. Oxinas Partners Wealth Management LLC acquired a new position in shares of Amplify High Income ETF in the fourth quarter worth $170,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Amplify High Income ETF during the 4th quarter worth about $554,000.

Amplify High Income ETF Trading Down 6.4 %

Amplify High Income ETF stock opened at $10.49 on Friday. The company has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $11.92. The stock has a market cap of $499.32 million, a P/E ratio of 23.03 and a beta of 0.73. Amplify High Income ETF has a 12-month low of $10.48 and a 12-month high of $12.40.

Amplify High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were given a $0.12 dividend. The ex-dividend date was Friday, March 28th. This represents a $1.44 annualized dividend and a yield of 13.73%.

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.