Amplify Digital Payments ETF (NYSEARCA:IPAY) Shares Down 0.5% – Should You Sell?

Amplify Digital Payments ETF (NYSEARCA:IPAY) was down 0.5% on Tuesday . The stock traded as low as $48.34 and last traded at $48.55. 24,159 shares were traded during mid-day trading, a decline of 31% from the average session volume of 34,966 shares. The stock had previously closed at $48.77.

Amplify Digital Payments ETF Trading Up 1.7%

The business has a fifty day simple moving average of $45.48 and a 200 day simple moving average of $46.70. The stock has a market capitalization of $158.07 million, a P/E ratio of 22.03 and a beta of 1.23.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Exencial Wealth Advisors LLC raised its position in Amplify Digital Payments ETF by 3.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 5,921 shares of the company’s stock valued at $308,000 after buying an additional 208 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Amplify Digital Payments ETF by 5.0% during the 4th quarter. Wealthfront Advisers LLC now owns 8,875 shares of the company’s stock worth $462,000 after acquiring an additional 420 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Amplify Digital Payments ETF by 467.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock worth $30,000 after acquiring an additional 467 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Amplify Digital Payments ETF in the 4th quarter worth $26,000. Finally, Advisory Services Network LLC bought a new stake in shares of Amplify Digital Payments ETF in the 3rd quarter worth $42,000.

Amplify Digital 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.