Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report)’s stock price was down 2.8% during trading on Tuesday . The company traded as low as $49.98 and last traded at $49.98. Approximately 68,741 shares traded hands during trading, an increase of 60% from the average session volume of 42,891 shares. The stock had previously closed at $51.41.
Amplify Digital Payments ETF Stock Down 0.3%
The stock has a market cap of $176.11 million, a P/E ratio of 22.03 and a beta of 1.22. The business has a 50 day moving average price of $50.30 and a two-hundred day moving average price of $46.83.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPAY. Parallel Advisors LLC bought a new stake in shares of Amplify Digital Payments ETF during the fourth quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC boosted its position in shares of Amplify Digital Payments ETF by 467.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock worth $30,000 after acquiring an additional 467 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Amplify Digital Payments ETF during the first quarter worth $33,000. Advisory Services Network LLC purchased a new position in Amplify Digital Payments ETF during the third quarter valued at $42,000. Finally, Fifth Third Bancorp purchased a new position in Amplify Digital Payments ETF during the first quarter valued at $47,000.
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.
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