Cwm LLC Cuts Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Cwm LLC trimmed its holdings in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,831 shares of the company’s stock after selling 318 shares during the period. Cwm LLC owned approximately 0.14% of Amplify Mobile Payments ETF worth $462,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IPAY. Cetera Advisors LLC boosted its holdings in Amplify Mobile Payments ETF by 71.2% in the first quarter. Cetera Advisors LLC now owns 21,735 shares of the company’s stock worth $1,144,000 after acquiring an additional 9,041 shares in the last quarter. SouthState Corp bought a new stake in Amplify Mobile Payments ETF during the 2nd quarter valued at about $28,000. Brookstone Capital Management raised its holdings in Amplify Mobile Payments ETF by 3.7% in the first quarter. Brookstone Capital Management now owns 24,127 shares of the company’s stock worth $1,270,000 after buying an additional 851 shares during the last quarter. Mechanics Bank Trust Department purchased a new position in Amplify Mobile Payments ETF in the first quarter worth about $215,000. Finally, Bank of New Hampshire bought a new position in shares of Amplify Mobile Payments ETF in the second quarter worth approximately $234,000.

Amplify Mobile Payments ETF Stock Up 0.9 %

Shares of IPAY opened at $54.94 on Friday. Amplify Mobile Payments ETF has a twelve month low of $35.15 and a twelve month high of $55.05. The company has a market capitalization of $357.11 million, a P/E ratio of 24.11 and a beta of 1.32. The firm has a 50 day moving average of $51.28 and a 200 day moving average of $49.31.

Amplify Mobile Payments ETF Company 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.