Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Up 4.3% – Here’s What Happened

Amplify Online Retail ETF (NYSEARCA:IBUY)’s share price shot up 4.3% during mid-day trading on Monday . The stock traded as high as $71.21 and last traded at $71.16. 35,701 shares traded hands during trading, an increase of 136% from the average session volume of 15,148 shares. The stock had previously closed at $68.24.

Amplify Online Retail ETF Stock Up 4.3%

The firm has a market capitalization of $110.30 million, a PE ratio of 23.29 and a beta of 1.45. The business’s fifty day moving average price is $68.42 and its 200 day moving average price is $67.68.

Institutional Trading of Amplify Online Retail ETF

A number of hedge funds have recently bought and sold shares of the company. Horizon Investments LLC acquired a new position in Amplify Online Retail ETF in the 3rd quarter valued at $56,000. Larson Financial Group LLC acquired a new stake in shares of Amplify Online Retail ETF during the fourth quarter worth $76,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Amplify Online Retail ETF during the fourth quarter worth $93,000. Kestra Advisory Services LLC acquired a new stake in shares of Amplify Online Retail ETF during the fourth quarter worth $147,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Amplify Online Retail ETF in the third quarter valued at $209,000.

About Amplify Online Retail ETF

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.