Rockport Wealth LLC Buys 5,927 Shares of Amplify High Income ETF (NYSEARCA:YYY)

Rockport Wealth LLC increased its stake in Amplify High Income ETF (NYSEARCA:YYY) by 3.7% in the fourth quarter, HoldingsChannel reports. The fund owned 164,187 shares of the company’s stock after purchasing an additional 5,927 shares during the period. Amplify High Income ETF makes up about 0.9% of Rockport Wealth LLC’s portfolio, making the stock its 16th biggest position. Rockport Wealth LLC’s holdings in Amplify High Income ETF were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GWN Securities Inc. bought a new stake in shares of Amplify High Income ETF in the 4th quarter valued at about $336,000. Commonwealth Equity Services LLC lifted its stake in shares of Amplify High Income ETF by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 290,203 shares of the company’s stock valued at $3,343,000 after acquiring an additional 7,236 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Amplify High Income ETF by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 5,897 shares of the company’s stock valued at $68,000 after acquiring an additional 2,179 shares during the last quarter. Raymond James Financial Inc. bought a new position in Amplify High Income ETF during the 4th quarter valued at approximately $1,685,000. Finally, SBI Securities Co. Ltd. bought a new position in Amplify High Income ETF during the 4th quarter valued at approximately $594,000.

Amplify High Income ETF Price Performance

YYY opened at $11.51 on Monday. The business has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $11.99. The firm has a market capitalization of $537.52 million, a price-to-earnings ratio of 23.17 and a beta of 0.85. Amplify High Income ETF has a one year low of $11.39 and a one year high of $12.40.

Amplify High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 12.51%. The ex-dividend date of this dividend was Thursday, February 27th.

Amplify High Income ETF Company 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.