Baird Financial Group Inc. Invests $1.03 Million in Amplify Online Retail ETF (NYSEARCA:IBUY)

Baird Financial Group Inc. acquired a new position in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) in the fourth quarter, HoldingsChannel reports. The fund acquired 15,997 shares of the company’s stock, valued at approximately $1,034,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MML Investors Services LLC raised its position in Amplify Online Retail ETF by 63.8% in the fourth quarter. MML Investors Services LLC now owns 23,518 shares of the company’s stock valued at $1,520,000 after purchasing an additional 9,159 shares during the period. Raymond James Financial Inc. purchased a new position in Amplify Online Retail ETF in the fourth quarter valued at about $608,000. Envestnet Asset Management Inc. raised its position in Amplify Online Retail ETF by 1,136.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 173,882 shares of the company’s stock valued at $11,241,000 after purchasing an additional 159,816 shares during the period. Wells Fargo & Company MN raised its position in Amplify Online Retail ETF by 2,346.8% in the fourth quarter. Wells Fargo & Company MN now owns 48,495 shares of the company’s stock valued at $3,135,000 after purchasing an additional 46,513 shares during the period. Finally, LPL Financial LLC raised its position in Amplify Online Retail ETF by 18.5% in the fourth quarter. LPL Financial LLC now owns 80,315 shares of the company’s stock valued at $5,192,000 after purchasing an additional 12,526 shares during the period.

Amplify Online Retail ETF Price Performance

NYSEARCA:IBUY opened at $68.17 on Wednesday. The business’s 50-day moving average is $60.23 and its two-hundred day moving average is $64.59. Amplify Online Retail ETF has a 12 month low of $49.08 and a 12 month high of $74.38. The firm has a market capitalization of $177.24 million, a PE ratio of 25.47 and a beta of 1.58.

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.