Amplify Mobile Payments ETF (NYSEARCA:IPAY) Shares Sold by MML Investors Services LLC

MML Investors Services LLC cut its position in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 22.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,071 shares of the company’s stock after selling 1,169 shares during the quarter. MML Investors Services LLC’s holdings in Amplify Mobile Payments ETF were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IPAY. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 537 shares during the period. SouthState Corp acquired a new position in Amplify Mobile Payments ETF in the second quarter valued at $28,000. FMR LLC lifted its position in Amplify Mobile Payments ETF by 61.6% during the third quarter. FMR LLC now owns 787 shares of the company’s stock worth $41,000 after buying an additional 300 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Amplify Mobile Payments ETF in the 2nd quarter worth about $78,000. Finally, Blair William & Co. IL grew its holdings in Amplify Mobile Payments ETF by 57.6% in the 2nd quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock valued at $303,000 after buying an additional 2,371 shares during the period.

Amplify Mobile Payments ETF Stock Performance

IPAY opened at $60.23 on Friday. Amplify Mobile Payments ETF has a 1 year low of $44.11 and a 1 year high of $62.08. The company’s 50 day simple moving average is $58.42 and its 200 day simple moving average is $52.53. The stock has a market capitalization of $391.50 million, a PE ratio of 24.11 and a beta of 1.32.

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.