Financial Engines Advisors L.L.C. lessened its stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY – Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,242 shares of the company’s stock after selling 5,323 shares during the quarter. Financial Engines Advisors L.L.C. owned 0.88% of Amplify Mobile Payments ETF worth $3,319,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in Amplify Mobile Payments ETF in the fourth quarter valued at approximately $1,190,000. LPL Financial LLC lifted its stake in shares of Amplify Mobile Payments ETF by 21.4% in the 4th quarter. LPL Financial LLC now owns 95,665 shares of the company’s stock valued at $5,547,000 after purchasing an additional 16,836 shares during the period. Raymond James Financial Inc. purchased a new stake in Amplify Mobile Payments ETF during the fourth quarter worth $945,000. Johnson Investment Counsel Inc. acquired a new stake in Amplify Mobile Payments ETF during the fourth quarter valued at $887,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Amplify Mobile Payments ETF in the fourth quarter valued at $301,000.
Amplify Mobile Payments ETF Stock Performance
Shares of Amplify Mobile Payments ETF stock opened at $54.91 on Thursday. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.24. The firm has a 50-day simple moving average of $57.94 and a two-hundred day simple moving average of $56.98. The company has a market cap of $406.33 million, a P/E ratio of 22.19 and a beta of 1.43.
About Amplify Mobile Payments ETF
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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