Northwestern Mutual Wealth Management Co. Increases Stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 5,370.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 547 shares of the company’s stock after purchasing an additional 537 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Amplify Mobile Payments ETF were worth $26,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp purchased a new position in Amplify Mobile Payments ETF during the 2nd quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new position in shares of Amplify Mobile Payments ETF during the second quarter valued at approximately $78,000. Mechanics Bank Trust Department purchased a new stake in Amplify Mobile Payments ETF in the first quarter worth $215,000. Bank of New Hampshire bought a new stake in Amplify Mobile Payments ETF in the second quarter valued at $234,000. Finally, Blair William & Co. IL increased its position 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 valued at $303,000 after purchasing an additional 2,371 shares during the period.

Amplify Mobile Payments ETF Trading Up 1.8 %

NYSEARCA:IPAY opened at $53.45 on Monday. Amplify Mobile Payments ETF has a 12 month low of $35.15 and a 12 month high of $53.46. The company has a 50-day moving average price of $50.43 and a 200-day moving average price of $49.21. The stock has a market cap of $347.43 million, a price-to-earnings 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.