NTV Asset Management LLC Sells 2,850 Shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY)

NTV Asset Management LLC decreased its stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,412 shares of the company’s stock after selling 2,850 shares during the period. NTV Asset Management LLC owned 0.14% of Amplify Mobile Payments ETF worth $546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IPAY. PNC Financial Services Group Inc. acquired a new stake in Amplify Mobile Payments ETF in the third quarter valued at $17,150,000. Florin Court Capital LLP bought a new stake in shares of Amplify Mobile Payments ETF in the 3rd quarter valued at about $1,403,000. Flagship Harbor Advisors LLC lifted its stake in Amplify Mobile Payments ETF by 43.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock valued at $504,000 after purchasing an additional 2,641 shares during the last quarter. Strategic Blueprint LLC bought a new position in Amplify Mobile Payments ETF during the fourth quarter worth about $209,000. Finally, MTM Investment Management LLC acquired a new position in Amplify Mobile Payments ETF during the fourth quarter worth approximately $58,000.

Amplify Mobile Payments ETF Stock Up 0.6 %

IPAY opened at $61.28 on Tuesday. Amplify Mobile Payments ETF has a 12-month low of $44.11 and a 12-month high of $62.24. The business has a 50 day moving average of $59.69 and a 200-day moving average of $55.74. The stock has a market cap of $453.47 million, a price-to-earnings ratio of 25.39 and a beta of 1.39.

Amplify Mobile Payments ETF 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.