Amplify Digital Payments ETF (NYSEARCA:IPAY) Stock Price Down 1.9% – Time to Sell?

Shares of Amplify Digital Payments ETF (NYSEARCA:IPAY) dropped 1.9% during mid-day trading on Tuesday . The stock traded as low as $46.78 and last traded at $46.94. Approximately 15,726 shares changed hands during trading, a decline of 54% from the average daily volume of 33,879 shares. The stock had previously closed at $47.83.

Amplify Digital Payments ETF Stock Performance

The firm’s 50 day moving average price is $44.87 and its 200-day moving average price is $49.25. The firm has a market capitalization of $173.68 million, a PE ratio of 22.03 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IPAY. Sava Penzisko Drushtvo A.D. Skopje acquired a new position in shares of Amplify Digital Payments ETF during the 3rd quarter worth about $8,769,000. Bank of Montreal Can raised its position in shares of Amplify Digital Payments ETF by 1,242.6% during the 4th quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock worth $1,251,000 after purchasing an additional 22,243 shares during the last quarter. Everhart Financial Group Inc. acquired a new position in shares of Amplify Digital Payments ETF during the 4th quarter worth about $722,000. Tocqueville Asset Management L.P. acquired a new position in shares of Amplify Digital Payments ETF during the 4th quarter worth about $693,000. Finally, Jane Street Group LLC raised its position in shares of Amplify Digital Payments ETF by 88.6% during the 2nd quarter. Jane Street Group LLC now owns 21,500 shares of the company’s stock worth $1,288,000 after purchasing an additional 10,101 shares during the last quarter.

About Amplify Digital 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.