Mechanics Bank Trust Department Purchases New Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Mechanics Bank Trust Department purchased a new stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) in the first quarter, HoldingsChannel reports. The fund purchased 4,075 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently made changes to their positions in the company. Prudential PLC lifted its stake in Amplify Mobile Payments ETF by 7.1% in the fourth quarter. Prudential PLC now owns 38,710 shares of the company’s stock worth $1,815,000 after purchasing an additional 2,550 shares during the last quarter. Advantage Trust Co bought a new stake in Amplify Mobile Payments ETF in the fourth quarter worth about $136,000. National Bank of Canada FI lifted its stake in Amplify Mobile Payments ETF by 9.4% in the fourth quarter. National Bank of Canada FI now owns 3,022 shares of the company’s stock worth $138,000 after purchasing an additional 260 shares during the last quarter. United Asset Strategies Inc. bought a new stake in Amplify Mobile Payments ETF in the fourth quarter worth about $244,000. Finally, Koshinski Asset Management Inc. lifted its stake in Amplify Mobile Payments ETF by 63.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 19,600 shares of the company’s stock worth $910,000 after purchasing an additional 7,640 shares during the last quarter.

Amplify Mobile Payments ETF Stock Performance

Shares of NYSEARCA:IPAY opened at $47.07 on Wednesday. The firm has a market cap of $305.96 million, a PE ratio of 24.11 and a beta of 1.32. The firm’s 50 day simple moving average is $48.24 and its 200-day simple moving average is $48.06. Amplify Mobile Payments ETF has a one year low of $35.15 and a one year high of $52.92.

Amplify Mobile Payments ETF 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.