Prudential PLC Raises Stock Position in Amplify Digital Payments ETF (NYSEARCA:IPAY)

Prudential PLC raised its stake in shares of Amplify Digital Payments ETF (NYSEARCA:IPAY) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,210 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Prudential PLC owned approximately 0.30% of Amplify Digital Payments ETF worth $1,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Strategic Blueprint LLC increased its position in Amplify Digital Payments ETF by 7.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,866 shares of the company’s stock valued at $206,000 after purchasing an additional 265 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Amplify Digital Payments ETF by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,576 shares of the company’s stock valued at $1,042,000 after buying an additional 275 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Amplify Digital Payments ETF by 2.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,265 shares of the company’s stock valued at $759,000 after buying an additional 298 shares in the last quarter. Wells Fargo & Company MN bought a new stake in shares of Amplify Digital Payments ETF during the 4th quarter valued at $25,000. Finally, Blair William & Co. IL boosted its holdings in shares of Amplify Digital Payments ETF by 7.5% during the 1st quarter. Blair William & Co. IL now owns 6,575 shares of the company’s stock valued at $350,000 after buying an additional 460 shares in the last quarter.

Amplify Digital Payments ETF Trading Down 0.2%

Shares of IPAY stock opened at $58.47 on Friday. Amplify Digital Payments ETF has a 12 month low of $44.83 and a 12 month high of $62.24. The stock has a market cap of $280.66 million, a PE ratio of 22.03 and a beta of 1.25. The company’s fifty day moving average price is $58.81 and its 200-day moving average price is $56.54.

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.