Amplify Digital Payments ETF (NYSEARCA:IPAY) Trading Up 1.3% – What’s Next?

Amplify Digital Payments ETF (NYSEARCA:IPAY) was up 1.3% on Monday . The stock traded as high as $45.00 and last traded at $44.33. Approximately 24,610 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 34,456 shares. The stock had previously closed at $43.78.

Amplify Digital Payments ETF Stock Up 1.3%

The company has a market cap of $164.02 million, a P/E ratio of 22.03 and a beta of 1.24. The company has a 50 day moving average price of $45.46 and a 200-day moving average price of $47.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in shares of Amplify Digital Payments ETF in the fourth quarter worth $26,000. Steward Partners Investment Advisory LLC grew its stake in shares of Amplify Digital Payments ETF by 467.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock worth $30,000 after purchasing an additional 467 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of Amplify Digital Payments ETF in the first quarter worth $33,000. Advisory Services Network LLC bought a new position in shares of Amplify Digital Payments ETF in the third quarter worth $42,000. Finally, Fifth Third Bancorp bought a new position in shares of Amplify Digital Payments ETF in the first quarter worth $47,000.

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.