Amplify Mobile Payments ETF (NYSEARCA:IPAY) Shares Acquired by Prudential PLC

Prudential PLC boosted its position in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,110 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Prudential PLC’s holdings in Amplify Mobile Payments ETF were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IPAY. Sowell Financial Services LLC bought a new position in shares of Amplify Mobile Payments ETF in the fourth quarter worth $1,190,000. LPL Financial LLC lifted its holdings in Amplify Mobile Payments ETF by 21.4% in the fourth quarter. LPL Financial LLC now owns 95,665 shares of the company’s stock worth $5,547,000 after purchasing an additional 16,836 shares during the period. Raymond James Financial Inc. acquired a new stake in Amplify Mobile Payments ETF in the fourth quarter worth about $945,000. Johnson Investment Counsel Inc. bought a new position in Amplify Mobile Payments ETF in the 4th quarter valued at about $887,000. Finally, Uniting Wealth Partners LLC acquired a new position in Amplify Mobile Payments ETF during the 4th quarter valued at about $487,000.

Amplify Mobile Payments ETF Trading Down 1.0 %

IPAY stock opened at $47.16 on Tuesday. The firm’s 50-day moving average is $56.71 and its two-hundred day moving average is $57.08. The company has a market capitalization of $348.98 million, a price-to-earnings ratio of 22.19 and a beta of 1.43. Amplify Mobile Payments ETF has a 52 week low of $44.11 and a 52 week high of $62.24.

Amplify Mobile Payments ETF 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.