Wood Tarver Financial Group LLC Takes $179,000 Position in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ)

Wood Tarver Financial Group LLC acquired a new position in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,500 shares of the company’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC purchased a new stake in Amplify AI Powered Equity ETF during the fourth quarter valued at about $415,000. EPG Wealth Management LLC purchased a new position in shares of Amplify AI Powered Equity ETF in the 4th quarter worth about $208,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Amplify AI Powered Equity ETF in the 4th quarter worth about $95,000.

Amplify AI Powered Equity ETF Trading Up 2.2%

Shares of Amplify AI Powered Equity ETF stock opened at $40.55 on Wednesday. The firm has a market capitalization of $110.70 million, a PE ratio of 22.54 and a beta of 1.15. Amplify AI Powered Equity ETF has a 12 month low of $31.28 and a 12 month high of $42.62. The business’s 50-day moving average price is $37.42 and its 200-day moving average price is $39.33.

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.