Jane Street Group LLC Sells 41,450 Shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Jane Street Group LLC cut its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 77.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,044 shares of the company’s stock after selling 41,450 shares during the period. Jane Street Group LLC’s holdings in Amplify Mobile Payments ETF were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 537 shares during the last quarter. SouthState Corp bought a new stake in Amplify Mobile Payments ETF during the 2nd quarter worth approximately $28,000. FMR LLC grew its holdings in Amplify Mobile Payments ETF by 61.6% during the 3rd quarter. FMR LLC now owns 787 shares of the company’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Blair William & Co. IL grew its holdings in Amplify Mobile Payments ETF by 57.6% during the 2nd quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock worth $303,000 after acquiring an additional 2,371 shares during the last quarter. Finally, Florin Court Capital LLP bought a new stake in Amplify Mobile Payments ETF during the 3rd quarter worth approximately $1,403,000.

Amplify Mobile Payments ETF Price Performance

IPAY opened at $59.27 on Friday. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.08. The firm has a market capitalization of $385.26 million, a price-to-earnings ratio of 24.11 and a beta of 1.32. The company’s 50 day moving average price is $59.05 and its two-hundred day moving average price is $53.10.

About Amplify Mobile Payments ETF

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.