Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Shares Down 0.8% – Should You Sell?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)’s stock price fell 0.8% during mid-day trading on Friday . The stock traded as low as $41.38 and last traded at $41.38. 2,397 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 6,404 shares. The stock had previously closed at $41.71.

Amplify AI Powered Equity ETF Price Performance

The company has a 50 day moving average of $40.81 and a two-hundred day moving average of $38.63. The company has a market capitalization of $124.14 million, a PE ratio of 9.53 and a beta of 1.29.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Amplify AI Powered Equity ETF by 298.3% during the third quarter. FMR LLC now owns 693 shares of the company’s stock valued at $26,000 after buying an additional 519 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of Amplify AI Powered Equity ETF during the fourth quarter valued at $95,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Amplify AI Powered Equity ETF in the 4th quarter worth about $415,000.

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.