Amplify Online Retail ETF (NYSEARCA:IBUY) Stock Price Up 4.3% – Here’s Why

Amplify Online Retail ETF (NYSEARCA:IBUYGet Free Report) shares were up 4.3% on Monday . The stock traded as high as $71.21 and last traded at $71.16. Approximately 35,701 shares were traded during trading, an increase of 136% from the average session volume of 15,148 shares. The stock had previously closed at $68.24.

Amplify Online Retail ETF Price Performance

The stock has a market capitalization of $111.63 million, a price-to-earnings ratio of 23.29 and a beta of 1.45. The stock’s 50 day simple moving average is $68.62 and its 200-day simple moving average is $67.65.

Hedge Funds Weigh In On Amplify Online Retail ETF

Institutional investors have recently bought and sold shares of the stock. Moran Wealth Management LLC lifted its stake in shares of Amplify Online Retail ETF by 41.6% in the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock worth $2,163,000 after buying an additional 10,167 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Amplify Online Retail ETF by 95.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock worth $344,000 after buying an additional 2,694 shares during the period. Osaic Holdings Inc. increased its position in Amplify Online Retail ETF by 3.9% in the 4th quarter. Osaic Holdings Inc. now owns 4,516 shares of the company’s stock worth $336,000 after buying an additional 169 shares during the period. Kestra Advisory Services LLC bought a new position in Amplify Online Retail ETF in the 4th quarter worth approximately $147,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Amplify Online Retail ETF by 8.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock worth $1,436,000 after buying an additional 1,439 shares during the last quarter.

Amplify Online Retail ETF Company Profile

(Get Free Report)

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.

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