Amplify Mobile Payments ETF (NYSEARCA:IPAY) Stock Price Down 0.2% – What’s Next?

Shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) fell 0.2% during trading on Monday . The stock traded as low as $59.31 and last traded at $60.00. 28,871 shares changed hands during trading, an increase of 2% from the average session volume of 28,198 shares. The stock had previously closed at $60.15.

Amplify Mobile Payments ETF Trading Up 0.4 %

The firm’s fifty day moving average is $59.83 and its 200 day moving average is $54.59. The stock has a market cap of $395.40 million, a P/E ratio of 24.11 and a beta of 1.32.

Institutional Trading of Amplify Mobile Payments ETF

Institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Amplify Mobile Payments ETF by 61.6% in the third quarter. FMR LLC now owns 787 shares of the company’s stock valued at $41,000 after buying an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Amplify Mobile Payments ETF by 5,370.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 547 shares of the company’s stock valued at $26,000 after acquiring an additional 537 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Amplify Mobile Payments ETF in the fourth quarter worth about $58,000. Flagship Harbor Advisors LLC lifted its position in shares of Amplify Mobile Payments ETF by 43.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock worth $504,000 after purchasing an additional 2,641 shares in the last quarter. Finally, Strategic Blueprint LLC bought a new stake in shares of Amplify Mobile Payments ETF during the fourth quarter valued at approximately $209,000.

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.