Cambridge Investment Research Advisors Inc. Lowers Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Cambridge Investment Research Advisors Inc. lessened its position in Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 18.0% in the second quarter, HoldingsChannel reports. The firm owned 21,381 shares of the company’s stock after selling 4,692 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Amplify Mobile Payments ETF were worth $1,000,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its stake in Amplify Mobile Payments ETF by 0.7% during the first quarter. Commonwealth Equity Services LLC now owns 65,448 shares of the company’s stock valued at $3,445,000 after buying an additional 474 shares during the last quarter. Prudential PLC raised its stake in Amplify Mobile Payments ETF by 7.1% during the fourth quarter. Prudential PLC now owns 38,710 shares of the company’s stock valued at $1,815,000 after buying an additional 2,550 shares during the last quarter. Brookstone Capital Management raised its stake in Amplify Mobile Payments ETF by 3.7% during the first quarter. Brookstone Capital Management now owns 24,127 shares of the company’s stock valued at $1,270,000 after buying an additional 851 shares during the last quarter. Cetera Advisors LLC raised its stake in Amplify Mobile Payments ETF by 71.2% during the first quarter. Cetera Advisors LLC now owns 21,735 shares of the company’s stock valued at $1,144,000 after buying an additional 9,041 shares during the last quarter. Finally, NTV Asset Management LLC purchased a new position in Amplify Mobile Payments ETF during the first quarter valued at $911,000.

Amplify Mobile Payments ETF Trading Down 1.1 %

Shares of NYSEARCA:IPAY opened at $49.99 on Friday. The stock has a fifty day simple moving average of $48.57 and a two-hundred day simple moving average of $48.98. The stock has a market capitalization of $324.94 million, a price-to-earnings ratio of 24.11 and a beta of 1.32. Amplify Mobile Payments ETF has a 12-month low of $35.15 and a 12-month high of $52.92.

Amplify Mobile Payments ETF Company 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.