Cookson Peirce & Co. Inc. Purchases New Position in Amplify Mobile Payments ETF (NYSEARCA:IPAY)

Cookson Peirce & Co. Inc. purchased a new stake in shares of Amplify Mobile Payments ETF (NYSEARCA:IPAY) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,191 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new position in shares of Amplify Mobile Payments ETF during the 3rd quarter worth approximately $17,150,000. Florin Court Capital LLP purchased a new position in shares of Amplify Mobile Payments ETF during the 3rd quarter worth approximately $1,403,000. Strategic Blueprint LLC purchased a new position in shares of Amplify Mobile Payments ETF during the 4th quarter worth approximately $209,000. Flagship Harbor Advisors LLC grew its holdings in shares of Amplify Mobile Payments ETF by 43.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 8,698 shares of the company’s stock worth $504,000 after acquiring an additional 2,641 shares during the period. Finally, MTM Investment Management LLC purchased a new position in shares of Amplify Mobile Payments ETF during the 4th quarter worth approximately $58,000.

Amplify Mobile Payments ETF Stock Performance

IPAY stock opened at $54.76 on Friday. Amplify Mobile Payments ETF has a fifty-two week low of $44.11 and a fifty-two week high of $62.24. The business’s 50 day moving average price is $59.21 and its two-hundred day moving average price is $56.61. The company has a market capitalization of $405.22 million, a price-to-earnings ratio of 25.39 and a beta of 1.39.

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.