Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Trading 0.6% Higher – Still a Buy?
by Michael Walen · The Markets DailyAmplify AI Powered Equity ETF (NYSEARCA:AIEQ – Get Free Report) shares were up 0.6% during trading on Monday . The company traded as high as $45.69 and last traded at $45.64. Approximately 2,928 shares changed hands during trading, a decline of 50% from the average daily volume of 5,871 shares. The stock had previously closed at $45.36.
Amplify AI Powered Equity ETF Stock Performance
The stock has a fifty day simple moving average of $45.07 and a two-hundred day simple moving average of $43.97. The stock has a market capitalization of $120.26 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.
Institutional Investors Weigh In On Amplify AI Powered Equity ETF
Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Amplify AI Powered Equity ETF during the 2nd quarter worth approximately $124,000. Arkadios Wealth Advisors bought a new stake in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at $221,000. Citadel Advisors LLC lifted its position in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in Amplify AI Powered Equity ETF by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after acquiring an additional 442 shares in the last quarter.
Amplify AI Powered Equity ETF Company Profile
The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.