Amplify Mobile Payments ETF (NYSEARCA:IPAY) Stock Price Up 4.1% – What’s Next?

Amplify Mobile Payments ETF (NYSEARCA:IPAY)’s stock price shot up 4.1% during 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 Stock Up 4.1 %

The firm has a market cap of $390.07 million, a price-to-earnings ratio of 24.11 and a beta of 1.32. The stock’s 50 day moving average is $52.87 and its 200 day moving average is $49.90.

Institutional Investors Weigh In On Amplify Mobile Payments ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPAY. PNC Financial Services Group Inc. acquired a new stake in Amplify Mobile Payments ETF in the 3rd quarter worth $17,150,000. Florin Court Capital LLP acquired a new position in Amplify Mobile Payments ETF in the third quarter valued at about $1,403,000. Northwestern Mutual Wealth Management Co. boosted its position in Amplify Mobile Payments ETF by 5,370.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 537 shares in the last quarter. Susquehanna International Group LLP boosted its position in Amplify Mobile Payments ETF by 83.7% in the second quarter. Susquehanna International Group LLP now owns 90,435 shares of the company’s stock valued at $4,231,000 after buying an additional 41,209 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Amplify Mobile Payments ETF by 57.6% in the second quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock worth $303,000 after acquiring an additional 2,371 shares during the last quarter.

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.