Amplify Mobile Payments ETF (NYSEARCA:IPAY) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its holdings in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 4.9% during the 4th quarter, Holdings Channel reports. The fund owned 6,773 shares of the company’s stock after selling 350 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Amplify Mobile Payments ETF were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Brookstone Capital Management increased its position in shares of Amplify Mobile Payments ETF by 1.7% during the 4th quarter. Brookstone Capital Management now owns 23,276 shares of the company’s stock valued at $1,080,000 after purchasing an additional 396 shares during the period. United Asset Strategies Inc. acquired a new position in shares of Amplify Mobile Payments ETF in the 4th quarter worth $244,000. Citigroup Inc. boosted its position in Amplify Mobile Payments ETF by 4.8% during the third quarter. Citigroup Inc. now owns 16,388 shares of the company’s stock valued at $641,000 after purchasing an additional 749 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Amplify Mobile Payments ETF by 286.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 173,363 shares of the company’s stock valued at $8,046,000 after purchasing an additional 128,550 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Amplify Mobile Payments ETF by 47.3% during the fourth quarter. Arkadios Wealth Advisors now owns 36,759 shares of the company’s stock valued at $1,706,000 after buying an additional 11,806 shares in the last quarter.

Amplify Mobile Payments ETF Stock Down 0.6 %

Shares of IPAY stock opened at $49.60 on Thursday. Amplify Mobile Payments ETF has a 12 month low of $35.15 and a 12 month high of $52.92. The firm has a market cap of $329.81 million, a PE ratio of 24.30 and a beta of 1.28. The stock has a 50 day moving average of $50.10 and a 200-day moving average of $45.31.

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.