Shares of Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) rose 1.3% on Monday . The stock traded as high as $45.00 and last traded at $44.33. Approximately 24,610 shares traded hands during trading, a decline of 29% from the average daily volume of 34,456 shares. The stock had previously closed at $43.78.
Amplify Digital Payments ETF Stock Up 1.3%
The company has a 50 day moving average of $45.46 and a two-hundred day moving average of $47.44. The firm has a market cap of $164.02 million, a P/E ratio of 22.03 and a beta of 1.24.
Hedge Funds Weigh In On Amplify Digital Payments ETF
A number of institutional investors have recently bought and sold shares of IPAY. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in Amplify Digital Payments ETF in the 3rd quarter worth about $8,769,000. Bank of Montreal Can increased its stake in Amplify Digital Payments ETF by 1,242.6% in the 4th quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock worth $1,251,000 after purchasing an additional 22,243 shares in the last quarter. Everhart Financial Group Inc. purchased a new position in Amplify Digital Payments ETF in the 4th quarter worth about $722,000. Tocqueville Asset Management L.P. purchased a new position in Amplify Digital Payments ETF in the 4th quarter worth about $693,000. Finally, Jane Street Group LLC increased its stake in 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 worth $1,288,000 after purchasing an additional 10,101 shares in 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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