Moran Wealth Management LLC Boosts Stock Holdings in Amplify Online Retail ETF $IBUY

Moran Wealth Management LLC grew its holdings in Amplify Online Retail ETF (NYSEARCA:IBUY) by 41.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,604 shares of the company’s stock after purchasing an additional 10,167 shares during the quarter. Moran Wealth Management LLC owned approximately 1.98% of Amplify Online Retail ETF worth $2,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in Amplify Online Retail ETF during the third quarter worth $3,473,000. Ameriprise Financial Inc. boosted its position in Amplify Online Retail ETF by 19.9% during the third quarter. Ameriprise Financial Inc. now owns 41,833 shares of the company’s stock valued at $3,187,000 after purchasing an additional 6,947 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Amplify Online Retail ETF by 8.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock valued at $1,436,000 after purchasing an additional 1,439 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Amplify Online Retail ETF in the fourth quarter valued at about $833,000. Finally, Jane Street Group LLC raised its holdings in Amplify Online Retail ETF by 176.6% in the second quarter. Jane Street Group LLC now owns 10,510 shares of the company’s stock worth $726,000 after purchasing an additional 6,710 shares in the last quarter.

Amplify Online Retail ETF Stock Performance

NYSEARCA:IBUY opened at $70.60 on Monday. The company’s 50-day simple moving average is $67.05 and its 200-day simple moving average is $68.20. Amplify Online Retail ETF has a fifty-two week low of $58.08 and a fifty-two week high of $79.05. The stock has a market capitalization of $109.43 million, a P/E ratio of 23.29 and a beta of 1.45.

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.