Amplify Mobile Payments ETF (NYSEARCA:IPAY) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lessened its position in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 13.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,752 shares of the company’s stock after selling 602 shares during the quarter. Scotia Capital Inc.’s holdings in Amplify Mobile Payments ETF were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Amplify Mobile Payments ETF in the 4th quarter worth about $945,000. LPL Financial LLC boosted its holdings in shares of Amplify Mobile Payments ETF by 21.4% in the 4th quarter. LPL Financial LLC now owns 95,665 shares of the company’s stock valued at $5,547,000 after buying an additional 16,836 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Amplify Mobile Payments ETF during the 4th quarter valued at about $1,190,000. Finally, Florin Court Capital LLP raised its stake in Amplify Mobile Payments ETF by 9.7% during the fourth quarter. Florin Court Capital LLP now owns 29,461 shares of the company’s stock worth $1,708,000 after acquiring an additional 2,614 shares during the period.

Amplify Mobile Payments ETF Stock Up 0.6 %

Shares of IPAY stock opened at $51.34 on Wednesday. The company has a market cap of $379.92 million, a P/E ratio of 20.79 and a beta of 1.40. The business has a 50 day moving average of $54.93 and a two-hundred day moving average of $56.88. Amplify Mobile Payments ETF has a 52 week low of $44.11 and a 52 week high of $62.24.

About Amplify Mobile 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.