PNC Financial Services Group Inc. Reduces Stock Position in Amplify Digital Payments ETF $IPAY

PNC Financial Services Group Inc. trimmed its holdings in Amplify Digital Payments ETF (NYSEARCA:IPAY) by 13.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,676 shares of the company’s stock after selling 42,693 shares during the period. PNC Financial Services Group Inc. owned approximately 5.91% of Amplify Digital Payments ETF worth $16,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IPAY. Sowell Financial Services LLC bought a new position in Amplify Digital Payments ETF in the 2nd quarter worth about $2,365,000. Prudential PLC grew its stake in Amplify Digital Payments ETF by 10.4% during the first quarter. Prudential PLC now owns 22,210 shares of the company’s stock valued at $1,182,000 after acquiring an additional 2,100 shares in the last quarter. Florin Court Capital LLP increased its holdings in Amplify Digital Payments ETF by 25.7% during the 2nd quarter. Florin Court Capital LLP now owns 14,335 shares of the company’s stock worth $859,000 after acquiring an additional 2,929 shares during the period. Arkadios Wealth Advisors purchased a new stake in Amplify Digital Payments ETF in the 1st quarter worth approximately $558,000. Finally, Banque Transatlantique SA bought a new position in Amplify Digital Payments ETF in the 1st quarter valued at $469,000.

Amplify Digital Payments ETF Price Performance

IPAY opened at $51.73 on Friday. The firm has a market capitalization of $225.03 million, a P/E ratio of 22.03 and a beta of 1.37. Amplify Digital Payments ETF has a one year low of $44.83 and a one year high of $62.24. The company has a fifty day moving average price of $56.79 and a 200-day moving average price of $57.56.

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.