Stifel Financial Corp Cuts Stock Holdings in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Stifel Financial Corp lowered its position in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,799 shares of the company’s stock after selling 195 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Amplify Mobile Payments ETF worth $251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Amplify Mobile Payments ETF during the third quarter worth about $17,150,000. Susquehanna International Group LLP boosted its holdings in shares of Amplify Mobile Payments ETF by 83.7% during the 2nd quarter. Susquehanna International Group LLP now owns 90,435 shares of the company’s stock worth $4,231,000 after purchasing an additional 41,209 shares during the last quarter. Florin Court Capital LLP purchased a new stake in shares of Amplify Mobile Payments ETF in the third quarter valued at approximately $1,403,000. Blair William & Co. IL increased its holdings in shares of Amplify Mobile Payments ETF by 57.6% in the second quarter. Blair William & Co. IL now owns 6,486 shares of the company’s stock valued at $303,000 after purchasing an additional 2,371 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Amplify Mobile Payments ETF during the second quarter worth approximately $78,000.

Amplify Mobile Payments ETF Stock Performance

NYSEARCA IPAY opened at $59.33 on Monday. The stock’s fifty day moving average is $58.62 and its two-hundred day moving average is $52.70. The firm has a market capitalization of $385.65 million, a P/E ratio of 24.11 and a beta of 1.32. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.08.

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.