Advantage Trust Co Purchases New Stake in Amplify Digital Payments ETF $IPAY

Advantage Trust Co purchased a new stake in Amplify Digital Payments ETF (NYSEARCA:IPAY) in the second quarter, HoldingsChannel.com reports. The fund purchased 2,850 shares of the company’s stock, valued at approximately $171,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sowell Financial Services LLC acquired a new position in Amplify Digital Payments ETF in the second quarter valued at about $2,365,000. Arete Wealth Advisors LLC acquired a new position in Amplify Digital Payments ETF in the first quarter valued at about $223,000. Banque Transatlantique SA acquired a new position in Amplify Digital Payments ETF in the first quarter valued at about $469,000. Prudential PLC raised its stake in Amplify Digital Payments ETF by 10.4% in the first quarter. Prudential PLC now owns 22,210 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Amplify Digital Payments ETF in the first quarter valued at about $295,000.

Amplify Digital Payments ETF Trading Up 1.9%

Shares of NYSEARCA IPAY opened at $57.17 on Tuesday. The company has a market cap of $257.27 million, a price-to-earnings ratio of 22.03 and a beta of 1.25. Amplify Digital Payments ETF has a 12 month low of $44.83 and a 12 month high of $62.24. The stock has a 50-day moving average price of $58.43 and a two-hundred day moving average price of $57.04.

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.