Focus Financial Network Inc. Sells 446 Shares of Amplify Online Retail ETF (NYSEARCA:IBUY)

Focus Financial Network Inc. reduced its position in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,571 shares of the company’s stock after selling 446 shares during the quarter. Focus Financial Network Inc. owned 0.11% of Amplify Online Retail ETF worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBUY. Jane Street Group LLC bought a new stake in Amplify Online Retail ETF during the first quarter valued at approximately $5,429,000. Cetera Advisors LLC bought a new stake in shares of Amplify Online Retail ETF during the 1st quarter valued at $512,000. SIH Partners LLLP purchased a new stake in shares of Amplify Online Retail ETF in the 2nd quarter worth $441,000. Florin Court Capital LLP raised its holdings in Amplify Online Retail ETF by 13.2% in the 2nd quarter. Florin Court Capital LLP now owns 14,289 shares of the company’s stock worth $787,000 after purchasing an additional 1,671 shares during the period. Finally, CWM LLC lifted its position in Amplify Online Retail ETF by 4.3% during the second quarter. CWM LLC now owns 5,515 shares of the company’s stock valued at $304,000 after purchasing an additional 227 shares in the last quarter.

Amplify Online Retail ETF Stock Performance

NYSEARCA:IBUY opened at $61.51 on Monday. The stock has a 50-day simple moving average of $59.09 and a two-hundred day simple moving average of $56.38. Amplify Online Retail ETF has a 52-week low of $42.00 and a 52-week high of $62.57. The firm has a market capitalization of $193.76 million, a PE ratio of 37.56 and a beta of 1.69.

Amplify Online Retail ETF 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.