Strategic Financial Concepts LLC Takes Position in Amplify Online Retail ETF (NYSEARCA:IBUY)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC bought a new stake in shares of Amplify Online Retail ETF in the 4th quarter worth $383,000. MML Investors Services LLC boosted its holdings 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 worth $876,000 after purchasing an additional 677 shares during the last quarter. Spire Wealth Management grew its position in Amplify Online Retail ETF by 1,911.3% in the 4th quarter. Spire Wealth Management now owns 3,017 shares of the company’s stock worth $195,000 after purchasing an additional 2,867 shares in the last quarter. Valley National Advisers Inc. increased its stake in Amplify Online Retail ETF by 508.3% in the 4th quarter. Valley National Advisers Inc. now owns 663 shares of the company’s stock valued at $42,000 after buying an additional 554 shares during the last quarter. Finally, EWG Elevate Inc. bought a new position in shares of Amplify Online Retail ETF during the 4th quarter worth approximately $4,427,000.

Amplify Online Retail ETF Stock Up 0.6 %

IBUY stock opened at $69.66 on Monday. The firm has a market cap of $219.43 million, a PE ratio of 37.56 and a beta of 1.69. The business has a 50 day moving average of $67.08 and a 200-day moving average of $61.98. Amplify Online Retail ETF has a 12-month low of $49.08 and a 12-month high of $70.74.

About Amplify Online Retail ETF

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.