Sowell Financial Services LLC Buys Shares of 20,521 Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Sowell Financial Services LLC purchased a new stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,521 shares of the company’s stock, valued at approximately $1,190,000. Sowell Financial Services LLC owned 0.32% of Amplify Mobile Payments ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of Amplify Mobile Payments ETF in the 3rd quarter worth approximately $17,150,000. Florin Court Capital LLP lifted its position in shares of Amplify Mobile Payments ETF by 9.7% in the fourth quarter. Florin Court Capital LLP now owns 29,461 shares of the company’s stock worth $1,708,000 after purchasing an additional 2,614 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Amplify Mobile Payments ETF in the 4th quarter valued at approximately $945,000. Flagship Harbor Advisors LLC lifted its position in 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 in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Amplify Mobile Payments ETF during the 4th quarter valued at $301,000.

Amplify Mobile Payments ETF Trading Down 3.9 %

NYSEARCA IPAY opened at $52.88 on Tuesday. Amplify Mobile Payments ETF has a 1-year low of $44.11 and a 1-year high of $62.24. The firm’s fifty day simple moving average is $59.02 and its 200-day simple moving average is $56.72. 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 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.