Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Slight Increase – Future Outlook

During trading on Thursday, the Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) experienced a modest rise of 0.2%. The stock peaked at $40.68 and ended the day at $40.58. A total of 2,083 shares were traded, which marked a significant decline of 60% compared to the average trading volume of 5,208 shares. Prior to Thursday's trading session, the stock closed at $40.50.

Stock Performance of Amplify AI Powered Equity ETF

The current 50-day moving average price for AIEQ stands at $40.62, while the 200-day moving average is at $38.16. The ETF has a market capitalization of approximately $121.74 million, with a price-to-earnings (P/E) ratio of 9.53 and a beta value of 1.29, indicating its volatility compared to the market.

Institutional Interest in AIEQ

Interest from institutional investors is evident as Commonwealth Equity Services LLC has recently increased its stake in the Amplify AI Powered Equity ETF. The firm raised its position by 18.0% during the second quarter, according to their recent filing with the Securities and Exchange Commission (SEC). They now hold 7,530 shares of AIEQ after acquiring an additional 1,151 shares in this period. At the end of the last quarter, Commonwealth Equity Services LLC's holdings in AIEQ were valued at around $273,000, representing about 0.25% of the company’s shares.

Overview of Amplify AI Powered Equity ETF

The Amplify AI Powered Equity ETF, designated by the ticker AIEQ, is an exchange-traded fund that tracks the S&P Total Market index. Unlike traditional ETFs, this fund is actively managed and selects its investments using a proprietary quantitative model that leverages artificial intelligence (AI). The ETF was launched on October 17, 2017, and is managed by ETF Managers Group.

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