Amplify Mobile Payments ETF (NYSEARCA:IPAY – Get Free Report)’s share price shot up 4.1% during mid-day trading on Monday . The stock traded as high as $60.02 and last traded at $60.01. 30,784 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 26,211 shares. The stock had previously closed at $57.64.
Amplify Mobile Payments ETF Price Performance
The firm has a 50-day simple moving average of $53.22 and a 200 day simple moving average of $50.03. The company has a market capitalization of $383.11 million, a PE ratio of 24.11 and a beta of 1.32.
Institutional Trading of Amplify Mobile Payments ETF
Several institutional investors have recently added to or reduced their stakes in IPAY. Northwestern Mutual Wealth Management Co. raised its holdings in Amplify Mobile Payments ETF by 5,370.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 547 shares of the company’s stock worth $26,000 after purchasing an additional 537 shares in the last quarter. SouthState Corp purchased a new stake in Amplify Mobile Payments ETF in the 2nd quarter worth approximately $28,000. FMR LLC boosted its stake in shares of Amplify Mobile Payments ETF by 61.6% during the 3rd quarter. FMR LLC now owns 787 shares of the company’s stock valued at $41,000 after buying an additional 300 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Amplify Mobile Payments ETF during the 2nd quarter valued at $78,000. Finally, Bank of New Hampshire acquired a new position in shares of Amplify Mobile Payments ETF in the second quarter worth $234,000.
Amplify Mobile Payments ETF Company Profile
The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that is based on the Prime Mobile Payments index. The fund tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions. IPAY was launched on Jul 15, 2015 and is managed by ETF Managers Group.
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