Florin Court Capital LLP Has $1.71 Million Stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Florin Court Capital LLP raised its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,461 shares of the company’s stock after purchasing an additional 2,614 shares during the period. Amplify Mobile Payments ETF makes up approximately 1.8% of Florin Court Capital LLP’s portfolio, making the stock its 17th biggest holding. Florin Court Capital LLP owned about 0.45% of Amplify Mobile Payments ETF worth $1,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new position in shares of Amplify Mobile Payments ETF in the 3rd quarter worth approximately $17,150,000. Flagship Harbor Advisors LLC boosted its stake in shares of Amplify Mobile Payments ETF by 43.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock worth $504,000 after buying an additional 2,641 shares during the last quarter. Strategic Blueprint LLC purchased a new position in shares of Amplify Mobile Payments ETF in the 4th quarter worth approximately $209,000. MTM Investment Management LLC purchased a new position in shares of Amplify Mobile Payments ETF in the 4th quarter worth approximately $58,000. Finally, FMR LLC boosted its stake in shares of Amplify Mobile Payments ETF by 61.6% in the 3rd quarter. FMR LLC now owns 787 shares of the company’s stock worth $41,000 after buying an additional 300 shares during the last quarter.

Amplify Mobile Payments ETF Trading Down 1.1 %

NYSEARCA:IPAY opened at $60.25 on Friday. The stock has a market capitalization of $445.85 million, a PE ratio of 25.39 and a beta of 1.39. The firm’s 50 day moving average is $59.70 and its 200 day moving average is $55.92. Amplify Mobile Payments ETF has a 12 month low of $44.11 and a 12 month high of $62.24.

Amplify Mobile Payments ETF 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.