Amplify Digital Payments ETF (NYSEARCA:IPAY) Shares Up 1.3% – Time to Buy?

Amplify Digital Payments ETF (NYSEARCA:IPAY) shot up 1.3% during mid-day trading on Monday . The stock traded as high as $45.00 and last traded at $44.33. 24,610 shares traded hands during trading, a decline of 29% from the average session volume of 34,456 shares. The stock had previously closed at $43.78.

Amplify Digital Payments ETF Price Performance

The company has a market capitalization of $163.95 million, a P/E ratio of 22.03 and a beta of 1.24. The company has a fifty day moving average price of $45.54 and a 200 day moving average price of $47.35.

Hedge Funds Weigh In On Amplify Digital Payments ETF

Several institutional investors have recently made changes to their positions in IPAY. Everhart Financial Group Inc. bought a new stake in Amplify Digital Payments ETF in the 4th quarter valued at about $722,000. Sava Penzisko Drushtvo A.D. Skopje bought a new position in Amplify Digital Payments ETF in the 3rd quarter worth approximately $8,769,000. Steward Partners Investment Advisory LLC grew its holdings in Amplify Digital Payments ETF by 467.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock worth $30,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC bought a new position in Amplify Digital Payments ETF in the 4th quarter worth approximately $26,000. Finally, Royal Bank of Canada grew its holdings in Amplify Digital Payments ETF by 9.3% in the 1st quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock worth $1,778,000 after buying an additional 3,540 shares in the last quarter.

Amplify Digital 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.