Advantage Trust Co Makes New Investment in Amplify Digital Payments ETF $IPAY

Advantage Trust Co acquired a new position in shares of Amplify Digital Payments ETF (NYSEARCA:IPAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,850 shares of the company’s stock, valued at approximately $171,000. Advantage Trust Co owned 0.06% of Amplify Digital Payments ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in Amplify Digital Payments ETF by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,576 shares of the company’s stock worth $1,042,000 after purchasing an additional 275 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Amplify Digital Payments ETF by 2.1% in the first quarter. Oppenheimer & Co. Inc. now owns 14,265 shares of the company’s stock valued at $759,000 after acquiring an additional 298 shares during the period. CWM LLC boosted its position in shares of Amplify Digital Payments ETF by 14.5% in the first quarter. CWM LLC now owns 8,635 shares of the company’s stock valued at $459,000 after acquiring an additional 1,091 shares during the period. Blair William & Co. IL boosted its position in shares of Amplify Digital Payments ETF by 7.5% in the first quarter. Blair William & Co. IL now owns 6,575 shares of the company’s stock valued at $350,000 after acquiring an additional 460 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of Amplify Digital Payments ETF in the first quarter valued at about $558,000.

Amplify Digital Payments ETF Stock Performance

Shares of Amplify Digital Payments ETF stock opened at $57.17 on Tuesday. The firm has a 50-day moving average of $58.43 and a 200-day moving average of $57.04. The stock has a market cap of $257.27 million, a PE ratio of 22.03 and a beta of 1.25. Amplify Digital Payments ETF has a 52-week low of $44.83 and a 52-week high of $62.24.

Amplify Digital Payments ETF 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.