Cetera Investment Advisers Sells 719 Shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Cetera Investment Advisers lowered its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,173 shares of the company’s stock after selling 719 shares during the period. Cetera Investment Advisers owned approximately 0.25% of Amplify Mobile Payments ETF worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its stake in shares of Amplify Mobile Payments ETF by 77.8% during the 4th quarter. Susquehanna International Group LLP now owns 62,876 shares of the company’s stock worth $3,646,000 after acquiring an additional 27,521 shares during the period. Sowell Financial Services LLC bought a new position in shares of Amplify Mobile Payments ETF during the 4th quarter worth approximately $1,190,000. LPL Financial LLC boosted its stake in 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 purchasing an additional 16,836 shares during the period. Raymond James Financial Inc. bought a new stake in Amplify Mobile Payments ETF in the 4th quarter valued at $945,000. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Amplify Mobile Payments ETF during the 4th quarter valued at $887,000.

Amplify Mobile Payments ETF Stock Performance

NYSEARCA:IPAY opened at $55.67 on Friday. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.24. The company has a market cap of $411.96 million, a price-to-earnings ratio of 22.00 and a beta of 1.40. The stock has a fifty day moving average price of $53.19 and a 200-day moving average price of $57.01.

Amplify Mobile Payments ETF Company 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.