Brookstone Capital Management Grows Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Brookstone Capital Management grew its position in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,127 shares of the company’s stock after acquiring an additional 851 shares during the quarter. Brookstone Capital Management owned 0.36% of Amplify Mobile Payments ETF worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IPAY. Advantage Trust Co purchased a new position in Amplify Mobile Payments ETF during the fourth quarter worth about $136,000. National Bank of Canada FI increased its position in shares of Amplify Mobile Payments ETF by 9.4% during the fourth quarter. National Bank of Canada FI now owns 3,022 shares of the company’s stock valued at $138,000 after acquiring an additional 260 shares during the last quarter. Mechanics Bank Trust Department purchased a new stake in shares of Amplify Mobile Payments ETF during the first quarter valued at approximately $215,000. United Asset Strategies Inc. bought a new stake in Amplify Mobile Payments ETF during the fourth quarter worth $244,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Amplify Mobile Payments ETF in the fourth quarter worth $265,000.

Amplify Mobile Payments ETF Price Performance

Shares of Amplify Mobile Payments ETF stock opened at $46.78 on Friday. The firm has a market cap of $304.07 million, a PE ratio of 24.11 and a beta of 1.32. Amplify Mobile Payments ETF has a 1 year low of $35.15 and a 1 year high of $52.92. The stock has a fifty day moving average price of $48.16 and a 200-day moving average price of $48.07.

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.