Wedbush Securities Inc. Reduces Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Wedbush Securities Inc. reduced its stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,767 shares of the company’s stock after selling 485 shares during the quarter. Wedbush Securities Inc. owned about 0.10% of Amplify Mobile Payments ETF worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IPAY. Wells Fargo & Company MN purchased a new stake in Amplify Mobile Payments ETF in the 4th quarter worth approximately $25,000. FMR LLC grew its position in shares of Amplify Mobile Payments ETF by 61.6% in the third quarter. FMR LLC now owns 787 shares of the company’s stock valued at $41,000 after purchasing an additional 300 shares during the period. CIBC Private Wealth Group LLC increased its stake in Amplify Mobile Payments ETF by 64.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 824 shares of the company’s stock valued at $48,000 after purchasing an additional 323 shares during the last quarter. MTM Investment Management LLC purchased a new position in Amplify Mobile Payments ETF during the fourth quarter worth about $58,000. Finally, Strategic Blueprint LLC acquired a new stake in Amplify Mobile Payments ETF in the 4th quarter worth about $209,000.

Amplify Mobile Payments ETF Price Performance

NYSEARCA IPAY opened at $46.38 on Wednesday. The company has a market cap of $343.21 million, a P/E ratio of 22.19 and a beta of 1.43. Amplify Mobile Payments ETF has a 12 month low of $44.11 and a 12 month high of $62.24. The company has a 50-day moving average of $56.14 and a 200-day moving average of $56.96.

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.