Raymond James Financial Inc. Invests $945,000 in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Raymond James Financial Inc. acquired a new stake in Amplify Mobile Payments ETF (NYSEARCA:IPAY) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,302 shares of the company’s stock, valued at approximately $945,000. Raymond James Financial Inc. owned 0.25% of Amplify Mobile Payments ETF as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in IPAY. FMR LLC boosted its holdings in shares of Amplify Mobile Payments ETF by 61.6% in the third quarter. FMR LLC now owns 787 shares of the company’s stock worth $41,000 after acquiring an additional 300 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Amplify Mobile Payments ETF by 43.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock worth $504,000 after purchasing an additional 2,641 shares during the period. Strategic Blueprint LLC purchased a new position in Amplify Mobile Payments ETF during the 4th quarter valued at about $209,000. MTM Investment Management LLC bought a new stake in shares of Amplify Mobile Payments ETF during the fourth quarter valued at about $58,000. Finally, Florin Court Capital LLP lifted its holdings in shares of Amplify Mobile Payments ETF by 9.7% in the fourth quarter. Florin Court Capital LLP now owns 29,461 shares of the company’s stock worth $1,708,000 after buying an additional 2,614 shares in the last quarter.

Amplify Mobile Payments ETF Trading Down 7.1 %

Shares of NYSEARCA:IPAY opened at $47.62 on Friday. Amplify Mobile Payments ETF has a 12 month low of $44.11 and a 12 month high of $62.24. The stock has a market cap of $352.39 million, a P/E ratio of 22.19 and a beta of 1.43. The company has a 50 day moving average of $56.97 and a 200 day moving average of $57.04.

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.