Amplify Online Retail ETF (NYSEARCA:IBUY) Stock Price Up 4.3% – Should You Buy?

Amplify Online Retail ETF (NYSEARCA:IBUY)’s stock price shot up 4.3% on Monday . The stock traded as high as $71.21 and last traded at $71.16. Approximately 35,701 shares were traded during mid-day trading, an increase of 136% from the average daily volume of 15,148 shares. The stock had previously closed at $68.24.

Amplify Online Retail ETF Price Performance

The firm has a market capitalization of $110.30 million, a price-to-earnings ratio of 23.29 and a beta of 1.45. The business’s 50 day moving average price is $68.42 and its 200-day moving average price is $67.68.

Institutional Investors Weigh In On Amplify Online Retail ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in Amplify Online Retail ETF during the third quarter worth about $3,473,000. Ameriprise Financial Inc. acquired a new position in Amplify Online Retail ETF during the second quarter worth about $2,408,000. Ameritas Advisory Services LLC purchased a new position in Amplify Online Retail ETF in the fourth quarter valued at about $833,000. Moran Wealth Management LLC increased its holdings in Amplify Online Retail ETF by 41.6% in the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after buying an additional 10,167 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Amplify Online Retail ETF by 176.6% during the 2nd quarter. Jane Street Group LLC now owns 10,510 shares of the company’s stock valued at $726,000 after acquiring an additional 6,710 shares during the period.

Amplify Online Retail ETF Company Profile

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.