MTM Investment Management LLC Purchases Shares of 1,008 Amplify Mobile Payments ETF (NYSEARCA:IPAY)

MTM Investment Management LLC purchased a new stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,008 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors have also recently added to or reduced their stakes in IPAY. Florin Court Capital LLP acquired a new position in Amplify Mobile Payments ETF in the third quarter valued at approximately $1,403,000. PNC Financial Services Group Inc. acquired a new position in shares of Amplify Mobile Payments ETF during the third quarter worth approximately $17,150,000. FMR LLC raised its position in shares of Amplify Mobile Payments ETF by 61.6% during the third quarter. FMR LLC now owns 787 shares of the company’s stock worth $41,000 after purchasing an additional 300 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Amplify Mobile Payments ETF by 43.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock worth $504,000 after purchasing an additional 2,641 shares during the period. Finally, Strategic Blueprint LLC purchased a new stake in Amplify Mobile Payments ETF in the 4th quarter valued at $209,000.

Amplify Mobile Payments ETF Trading Down 0.3 %

NYSEARCA IPAY opened at $59.90 on Thursday. The firm has a market capitalization of $389.35 million, a P/E ratio of 24.11 and a beta of 1.32. The business has a fifty day simple moving average of $59.70 and a 200 day simple moving average of $55.42. Amplify Mobile Payments ETF has a 12 month low of $44.11 and a 12 month high of $62.24.

Amplify Mobile 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.