Concorde Asset Management LLC Sells 1,993 Shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Concorde Asset Management LLC reduced its stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 26.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,650 shares of the company’s stock after selling 1,993 shares during the period. Concorde Asset Management LLC owned approximately 0.09% of Amplify Mobile Payments ETF worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Blair William & Co. IL boosted its stake 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 in the last quarter. SouthState Corp acquired a new stake in shares of Amplify Mobile Payments ETF during the 2nd quarter worth about $28,000. Banque Cantonale Vaudoise bought a new position in Amplify Mobile Payments ETF during the 2nd quarter valued at about $78,000. Wolf Group Capital Advisors acquired a new position in Amplify Mobile Payments ETF in the second quarter valued at about $473,000. Finally, Bank of New Hampshire bought a new stake in Amplify Mobile Payments ETF during the second quarter worth about $234,000.

Amplify Mobile Payments ETF Price Performance

Shares of IPAY opened at $51.59 on Thursday. The company has a market capitalization of $335.34 million, a P/E ratio of 24.11 and a beta of 1.32. Amplify Mobile Payments ETF has a one year low of $35.15 and a one year high of $52.92. The business’s 50 day simple moving average is $49.17 and its 200-day simple moving average is $49.09.

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.