Shares of Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) were down 1.9% during trading on Tuesday . The company traded as low as $46.78 and last traded at $46.94. Approximately 15,726 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 33,879 shares. The stock had previously closed at $47.83.
Amplify Digital Payments ETF Trading Down 1.9%
The company has a market cap of $173.68 million, a price-to-earnings ratio of 22.03 and a beta of 1.26. The stock’s fifty day simple moving average is $44.87 and its 200 day simple moving average is $49.25.
Institutional Trading of Amplify Digital Payments ETF
A number of hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC raised its holdings in Amplify Digital Payments ETF by 10.3% in the 1st quarter. Wealthfront Advisers LLC now owns 9,792 shares of the company’s stock valued at $419,000 after acquiring an additional 917 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in Amplify Digital Payments ETF in the 1st quarter valued at about $33,000. Fifth Third Bancorp acquired a new stake in Amplify Digital Payments ETF in the 1st quarter valued at about $47,000. Kestra Advisory Services LLC acquired a new stake in Amplify Digital Payments ETF in the 4th quarter valued at about $94,000. Finally, Jane Street Group LLC raised its holdings in Amplify Digital Payments ETF by 37.3% in the 4th quarter. Jane Street Group LLC now owns 29,671 shares of the company’s stock valued at $1,544,000 after acquiring an additional 8,065 shares during the last quarter.
About Amplify Digital Payments ETF
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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