MML Investors Services LLC Decreases Stock Holdings in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

MML Investors Services LLC lowered its stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,071 shares of the company’s stock after selling 1,169 shares during the quarter. MML Investors Services LLC owned about 0.06% of Amplify Mobile Payments ETF worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Amplify Mobile Payments ETF by 5,370.0% in 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 acquired a new stake in shares of Amplify Mobile Payments ETF during the 2nd quarter worth approximately $28,000. FMR LLC grew its stake in shares of 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 purchasing an additional 300 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Amplify Mobile Payments ETF during the 2nd quarter valued at approximately $78,000. Finally, Blair William & Co. IL boosted its holdings in Amplify Mobile Payments ETF by 57.6% during the second quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock worth $303,000 after buying an additional 2,371 shares in the last quarter.

Amplify Mobile Payments ETF Stock Performance

Shares of Amplify Mobile Payments ETF stock opened at $60.23 on Friday. The firm has a 50-day simple moving average of $58.42 and a two-hundred day simple moving average of $52.53. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.08. The company has a market cap of $391.50 million, a P/E 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.