Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $38.48 and traded as high as $41.85. Amplify AI Powered Equity ETF shares last traded at $41.53, with a volume of 5,743 shares.

Amplify AI Powered Equity ETF Trading Up 0.6 %

The firm has a market cap of $124.59 million, a PE ratio of 9.53 and a beta of 1.29. The business’s 50-day simple moving average is $38.48 and its 200 day simple moving average is $36.85.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

An institutional investor recently raised its position in Amplify AI Powered Equity ETF stock. FMR LLC raised its position in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 298.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 693 shares of the company’s stock after buying an additional 519 shares during the quarter. FMR LLC’s holdings in Amplify AI Powered Equity ETF were worth $26,000 at the end of the most recent reporting period.

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.