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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) shares dropped 0.3% on Wednesday . The stock traded as low as $34.17 and last traded at $34.27. Approximately 3,104 shares changed hands during trading, a decline of 75% from the average daily volume of 12,586 shares. The stock had previously closed at $34.39.

Amplify AI Powered Equity ETF Stock Performance

The firm’s 50 day moving average price is $35.31 and its 200-day moving average price is $33.81. The firm has a market capitalization of $102.81 million, a PE ratio of 9.53 and a beta of 1.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amplify AI Powered Equity ETF stock. HCR Wealth Advisors purchased a new stake in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,002 shares of the company’s stock, valued at approximately $214,000. HCR Wealth Advisors owned approximately 0.17% of Amplify AI Powered Equity ETF at the end of the most recent 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.