Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Up 1% – Should You Buy?

Amplify Online Retail ETF (NYSEARCA:IBUY) shot up 1% during trading on Tuesday . The company traded as high as $75.00 and last traded at $74.97. 2,290 shares were traded during trading, a decline of 87% from the average session volume of 18,172 shares. The stock had previously closed at $74.23.

Amplify Online Retail ETF Stock Performance

The company’s fifty day moving average price is $73.60 and its two-hundred day moving average price is $72.28. The firm has a market capitalization of $157.44 million, a PE ratio of 23.29 and a beta of 1.52.

Hedge Funds Weigh In On Amplify Online Retail ETF

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of Amplify Online Retail ETF during the 3rd quarter valued at $3,473,000. Natural Investments LLC purchased a new position in shares of Amplify Online Retail ETF in the 3rd quarter worth $2,871,000. Ameriprise Financial Inc. acquired a new position in Amplify Online Retail ETF in the second quarter valued at $2,408,000. Flow Traders U.S. LLC boosted its holdings in Amplify Online Retail ETF by 406.5% in the first quarter. Flow Traders U.S. LLC now owns 41,023 shares of the company’s stock valued at $2,467,000 after acquiring an additional 32,923 shares during the last quarter. Finally, FFG Partners LLC purchased a new stake in Amplify Online Retail ETF during the third quarter valued at about $559,000.

Amplify Online Retail ETF Company Profile

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.