Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Share Price Passes Above 50 Day Moving Average – What’s Next?

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.51 and traded as high as $41.38. Amplify AI Powered Equity ETF shares last traded at $41.26, with a volume of 4,242 shares.

Amplify AI Powered Equity ETF Price Performance

The stock has a fifty day simple moving average of $39.67 and a two-hundred day simple moving average of $37.41. The firm has a market capitalization of $122.96 million, a P/E ratio of 9.53 and a beta of 1.29.

Institutional Trading of Amplify AI Powered Equity ETF

A hedge fund recently raised its stake in Amplify AI Powered Equity ETF stock. FMR LLC boosted its stake in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 298.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 693 shares of the company’s stock after purchasing an additional 519 shares during the quarter. FMR LLC’s holdings in Amplify AI Powered Equity ETF were worth $26,000 as of its most recent SEC filing.

About Amplify AI Powered Equity ETF

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.