Amplify Mobile Payments ETF (NYSEARCA:IPAY) Trading Up 4.1% – What’s Next?

by · The Cerbat Gem

Amplify Mobile Payments ETF (NYSEARCA:IPAY – Get Free Report) shares rose 4.1% during trading on Monday . The stock traded as high as $60.02 and last traded at $60.01. Approximately 30,784 shares traded hands during trading, an increase of 17% from the average daily volume of 26,211 shares. The stock had previously closed at $57.64.

Amplify Mobile Payments ETF Trading Up 4.1 %

The firm has a 50-day simple moving average of $52.87 and a two-hundred day simple moving average of $49.90. The company has a market capitalization of $390.07 million, a price-to-earnings ratio of 24.11 and a beta of 1.32.

Institutional Trading of Amplify Mobile Payments ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in Amplify Mobile Payments ETF by 5,370.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 547 shares of the company’s stock valued at $26,000 after acquiring an additional 537 shares during the last quarter. SouthState Corp acquired a new stake in shares of Amplify Mobile Payments ETF during the 2nd quarter worth $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Amplify Mobile Payments ETF during the 2nd quarter worth $78,000. Bank of New Hampshire acquired a new stake in shares of Amplify Mobile Payments ETF during the 2nd quarter worth $234,000. Finally, Blair William & Co. IL boosted its position in Amplify Mobile Payments ETF by 57.6% during the 2nd quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock worth $303,000 after purchasing an additional 2,371 shares during the period.

Amplify Mobile Payments ETF Company Profile

(Get Free Report)

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.

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