PNC Financial Services Group Inc. reduced its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY – Free Report) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,976 shares of the company’s stock after selling 1,126 shares during the period. PNC Financial Services Group Inc. owned 5.03% of Amplify Mobile Payments ETF worth $18,958,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised 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 valued at $41,000 after acquiring an additional 300 shares in the last quarter. MTM Investment Management LLC acquired a new position in Amplify Mobile Payments ETF during the fourth quarter valued at approximately $58,000. Strategic Blueprint LLC bought a new position in shares of Amplify Mobile Payments ETF in the fourth quarter valued at approximately $209,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Amplify Mobile Payments ETF in the fourth quarter worth $301,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Amplify Mobile Payments ETF by 43.6% during 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 period.
Amplify Mobile Payments ETF Price Performance
Shares of IPAY opened at $52.88 on Tuesday. The company has a market capitalization of $391.31 million, a PE ratio of 22.42 and a beta of 1.43. Amplify Mobile Payments ETF has a one year low of $44.11 and a one year high of $62.24. The company’s fifty day moving average price is $59.02 and its 200 day moving average price is $56.72.
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.
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