Amplify Mobile Payments ETF (NYSEARCA:IPAY) Shares Down 0.2% – Here’s Why

Posted by Carolyn Dwyer on Jan 29th, 2025

Amplify Mobile Payments ETF (NYSEARCA:IPAY – Get Free Report)’s share price was down 0.2% during trading on Monday . The company traded as low as $59.31 and last traded at $60.00. Approximately 28,871 shares changed hands during trading, an increase of 2% from the average daily volume of 28,198 shares. The stock had previously closed at $60.15.

Amplify Mobile Payments ETF Stock Performance

The stock has a market cap of $395.40 million, a price-to-earnings ratio of 24.11 and a beta of 1.32. The firm’s 50-day moving average price is $59.83 and its two-hundred day moving average price is $54.59.

Institutional Investors Weigh In On Amplify Mobile Payments ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Amplify Mobile Payments ETF by 61.6% in the third quarter. FMR LLC now owns 787 shares of the company’s stock valued at $41,000 after buying an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amplify Mobile Payments ETF by 5,370.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 547 shares of the company’s stock worth $26,000 after buying an additional 537 shares during the last quarter. Florin Court Capital LLP acquired a new position in Amplify Mobile Payments ETF during the third quarter worth approximately $1,403,000. Flagship Harbor Advisors LLC increased its stake in Amplify Mobile Payments ETF by 43.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock valued at $504,000 after purchasing an additional 2,641 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Amplify Mobile Payments ETF in the 3rd quarter valued at approximately $17,150,000.

About Amplify Mobile 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.