Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Down 3.1% – Here’s What Happened

Amplify Online Retail ETF (NYSEARCA:IBUY) shares traded down 3.1% during mid-day trading on Tuesday . The company traded as low as $69.37 and last traded at $69.45. Approximately 24,239 shares traded hands during trading, an increase of 59% from the average session volume of 15,228 shares. The stock had previously closed at $71.67.

Amplify Online Retail ETF Price Performance

The stock has a market capitalization of $101.44 million, a P/E ratio of 23.29 and a beta of 1.46. The stock’s fifty day moving average price is $71.97 and its 200 day moving average price is $67.97.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Horizon Investments LLC purchased a new position in Amplify Online Retail ETF during the third quarter valued at approximately $56,000. Larson Financial Group LLC purchased a new position in shares of Amplify Online Retail ETF in the 4th quarter valued at $76,000. Kestra Advisory Services LLC bought a new position in shares of Amplify Online Retail ETF in the 4th quarter worth $147,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Amplify Online Retail ETF during the 3rd quarter worth $209,000. Finally, Integrity Alliance LLC. grew its stake in Amplify Online Retail ETF by 52.3% in the fourth quarter. Integrity Alliance LLC. now owns 4,496 shares of the company’s stock valued at $335,000 after purchasing an additional 1,543 shares during the last quarter.

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.