Amplify Digital Payments ETF $IPAY Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in Amplify Digital Payments ETF (NYSEARCA:IPAY) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,216 shares of the company’s stock after selling 38,241 shares during the quarter. PNC Financial Services Group Inc. owned approximately 4.98% of Amplify Digital Payments ETF worth $7,884,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPAY. Bank of Montreal Can grew its stake in 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 valued at $1,251,000 after purchasing an additional 22,243 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Amplify Digital Payments ETF in the 4th quarter valued at approximately $693,000. Jane Street Group LLC raised its position in shares of Amplify Digital Payments ETF by 88.6% in the 2nd quarter. Jane Street Group LLC now owns 21,500 shares of the company’s stock valued at $1,288,000 after purchasing an additional 10,101 shares in the last quarter. SOL Capital Management CO boosted its stake in shares of Amplify Digital Payments ETF by 88.1% during the 4th quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock valued at $958,000 after buying an additional 8,625 shares during the last quarter. Finally, United Asset Strategies Inc. purchased a new position in shares of Amplify Digital Payments ETF during the 4th quarter valued at approximately $328,000.

Amplify Digital Payments ETF Stock Performance

IPAY stock opened at $48.01 on Monday. Amplify Digital Payments ETF has a twelve month low of $41.26 and a twelve month high of $60.99. The company has a market capitalization of $163.23 million, a P/E ratio of 22.03 and a beta of 1.23. The firm has a 50 day simple moving average of $46.08 and a 200-day simple moving average of $46.36.

Amplify Digital 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.