Principal Securities Inc. Makes New $320,000 Investment in Amplify Online Retail ETF (NYSEARCA:IBUY)

Principal Securities Inc. bought a new position in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,954 shares of the company’s stock, valued at approximately $320,000. Principal Securities Inc. owned about 0.16% of Amplify Online Retail ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. lifted its position in Amplify Online Retail ETF by 508.3% during the fourth quarter. Valley National Advisers Inc. now owns 663 shares of the company’s stock worth $42,000 after acquiring an additional 554 shares during the last quarter. Spire Wealth Management increased its position in Amplify Online Retail ETF by 1,911.3% during the 4th quarter. Spire Wealth Management now owns 3,017 shares of the company’s stock worth $195,000 after buying an additional 2,867 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Amplify Online Retail ETF during the fourth quarter worth $383,000. Flow Traders U.S. LLC bought a new stake in shares of Amplify Online Retail ETF in the third quarter valued at about $699,000. Finally, Nwam LLC acquired a new position in shares of Amplify Online Retail ETF in the third quarter valued at about $800,000.

Amplify Online Retail ETF Stock Down 4.4 %

NYSEARCA IBUY opened at $69.10 on Friday. The firm has a 50-day moving average price of $67.70 and a two-hundred day moving average price of $63.25. Amplify Online Retail ETF has a 12-month low of $49.08 and a 12-month high of $74.38. The company has a market capitalization of $217.67 million, a P/E ratio of 37.56 and a beta of 1.69.

Amplify Online Retail ETF Company Profile

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.