Strategic Financial Concepts LLC Makes New Investment in Amplify Online Retail ETF (NYSEARCA:IBUY)

Strategic Financial Concepts LLC purchased a new stake in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,794 shares of the company’s stock, valued at approximately $2,637,000. Strategic Financial Concepts LLC owned 1.30% of Amplify Online Retail ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. grew its position in shares of Amplify Online Retail ETF by 508.3% during the 4th quarter. Valley National Advisers Inc. now owns 663 shares of the company’s stock valued at $42,000 after purchasing an additional 554 shares in the last quarter. MML Investors Services LLC boosted its position in Amplify Online Retail ETF by 4.9% during the third quarter. MML Investors Services LLC now owns 14,359 shares of the company’s stock valued at $876,000 after buying an additional 677 shares during the period. Spire Wealth Management grew its position in Amplify Online Retail ETF by 1,911.3% during the 4th quarter. Spire Wealth Management now owns 3,017 shares of the company’s stock worth $195,000 after acquiring an additional 2,867 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Amplify Online Retail ETF in the fourth quarter worth $320,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Amplify Online Retail ETF in the fourth quarter worth about $383,000.

Amplify Online Retail ETF Stock Performance

IBUY opened at $73.92 on Tuesday. Amplify Online Retail ETF has a 52-week low of $49.08 and a 52-week high of $74.07. The stock has a market capitalization of $232.85 million, a PE ratio of 37.56 and a beta of 1.69. The stock’s 50 day moving average price is $67.36 and its 200-day moving average price is $62.61.

Amplify Online Retail ETF Company Profile

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.