Amplify Digital Payments ETF (NYSEARCA:IPAY) Shares Down 0.5% – What’s Next?

Amplify Digital Payments ETF (NYSEARCA:IPAY)’s share price dropped 0.5% during trading on Tuesday . The stock traded as low as $48.34 and last traded at $48.55. Approximately 24,159 shares changed hands during trading, a decline of 31% from the average session volume of 34,966 shares. The stock had previously closed at $48.77.

Amplify Digital Payments ETF Stock Down 0.5%

The firm has a market cap of $160.22 million, a price-to-earnings ratio of 22.03 and a beta of 1.23. The firm has a 50 day moving average of $45.47 and a 200 day moving average of $46.74.

Institutional Trading of Amplify Digital Payments ETF

Several large investors have recently modified their holdings of IPAY. Dynamic Advisor Solutions LLC acquired a new position in shares of Amplify Digital Payments ETF during the 2nd quarter valued at $456,000. Parallel Advisors LLC grew its holdings in Amplify Digital Payments ETF by 195.0% in the first quarter. Parallel Advisors LLC now owns 1,475 shares of the company’s stock worth $63,000 after purchasing an additional 975 shares during the period. Royal Bank of Canada grew its holdings in Amplify Digital Payments ETF by 9.3% in the first quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock worth $1,778,000 after purchasing an additional 3,540 shares during the period. Wealthfront Advisers LLC increased its stake in Amplify Digital Payments ETF by 10.3% in the first quarter. Wealthfront Advisers LLC now owns 9,792 shares of the company’s stock valued at $419,000 after purchasing an additional 917 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in Amplify Digital Payments ETF in the first quarter valued at $33,000.

Amplify Digital 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.