Amplify Digital Payments ETF (NYSEARCA:IPAY) Shares Climb 2.5% – Should You Buy?

Shares of Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) traded up 2.5% during mid-day trading on Monday. The company traded as high as $47.80 and last traded at $47.63. Approximately 94,013 shares traded hands during trading, an increase of 98% from the average daily volume of 47,371 shares. The stock had previously closed at $46.46.

Amplify Digital Payments ETF Stock Up 2.5%

The firm has a market cap of $150.03 million, a price-to-earnings ratio of 22.03 and a beta of 1.24. The business’s fifty day moving average is $50.01 and its two-hundred day moving average is $47.20.

Institutional Investors Weigh In On Amplify Digital Payments ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Amplify Digital Payments ETF in the second quarter valued at about $75,000. Dynamic Advisor Solutions LLC acquired a new position in Amplify Digital Payments ETF during the 2nd quarter valued at about $456,000. Parallel Advisors LLC boosted its stake in shares of Amplify Digital Payments ETF by 195.0% in the 1st quarter. Parallel Advisors LLC now owns 1,475 shares of the company’s stock valued at $63,000 after purchasing an additional 975 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Amplify Digital Payments ETF by 9.3% in the 1st quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Amplify Digital Payments ETF by 10.3% during the 1st quarter. Wealthfront Advisers LLC now owns 9,792 shares of the company’s stock worth $419,000 after buying an additional 917 shares during the period.

About Amplify Digital Payments ETF

(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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