Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Price Down 0.3%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)’s stock price was down 0.3% during trading on Tuesday . The company traded as low as $35.56 and last traded at $35.71. Approximately 2,976 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 10,572 shares. The stock had previously closed at $35.82.

Amplify AI Powered Equity ETF Price Performance

The stock has a market cap of $107.12 million, a price-to-earnings ratio of 9.53 and a beta of 1.29. The business has a fifty day moving average of $36.23 and a 200 day moving average of $35.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HCR Wealth Advisors acquired a new position in Amplify AI Powered Equity ETF during the fourth quarter worth $214,000. Commonwealth Equity Services LLC lifted its position in shares of Amplify AI Powered Equity ETF by 18.0% in the second quarter. Commonwealth Equity Services LLC now owns 7,530 shares of the company’s stock worth $273,000 after buying an additional 1,151 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Amplify AI Powered Equity ETF by 5.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 148,896 shares of the company’s stock worth $5,432,000 after acquiring an additional 7,763 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.