Amplify Digital Payments ETF (NYSEARCA:IPAY) to Issue $0.41 Quarterly Dividend

Amplify Digital Payments ETF (NYSEARCA:IPAY) announced a quarterly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.4108 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 30th.

Amplify Digital Payments ETF Trading Down 0.4%

IPAY stock opened at $53.24 on Tuesday. The firm has a 50 day moving average of $53.04 and a 200-day moving average of $56.67. Amplify Digital Payments ETF has a 12 month low of $44.83 and a 12 month high of $62.24. The firm has a market capitalization of $231.59 million, a P/E ratio of 22.03 and a beta of 1.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CW Advisors LLC purchased a new stake in shares of Amplify Digital Payments ETF in the second quarter worth $745,000. Florin Court Capital LLP grew its position in Amplify Digital Payments ETF by 25.7% during the second quarter. Florin Court Capital LLP now owns 14,335 shares of the company’s stock worth $859,000 after buying an additional 2,929 shares in the last quarter. Prudential PLC grew its position in Amplify Digital Payments ETF by 226.9% during the second quarter. Prudential PLC now owns 72,610 shares of the company’s stock worth $4,351,000 after buying an additional 50,400 shares in the last quarter. Advantage Trust Co bought a new position in Amplify Digital Payments ETF in the 2nd quarter worth about $171,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Amplify Digital Payments ETF in the 2nd quarter valued at about $2,365,000.

About Amplify Digital Payments ETF

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.