Avantax Advisory Services Inc. Reduces Holdings in Amplify Online Retail ETF (NYSEARCA:IBUY)

Avantax Advisory Services Inc. reduced its position in Amplify Online Retail ETF (NYSEARCA:IBUY) by 27.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,094 shares of the company’s stock after selling 1,145 shares during the period. Avantax Advisory Services Inc.’s holdings in Amplify Online Retail ETF were worth $200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC bought a new stake in shares of Amplify Online Retail ETF in the 4th quarter worth about $383,000. Principal Securities Inc. bought a new position in Amplify Online Retail ETF during the 4th quarter worth approximately $320,000. MML Investors Services LLC grew its position in shares of Amplify Online Retail ETF by 4.9% in the 3rd quarter. MML Investors Services LLC now owns 14,359 shares of the company’s stock worth $876,000 after acquiring an additional 677 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Amplify Online Retail ETF in the 4th quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new position in Amplify Online Retail ETF during the fourth quarter worth $2,637,000.

Amplify Online Retail ETF Stock Performance

Shares of NYSEARCA:IBUY opened at $62.08 on Friday. The company’s fifty day moving average is $66.54 and its two-hundred day moving average is $64.62. Amplify Online Retail ETF has a 1-year low of $49.08 and a 1-year high of $74.38. The stock has a market capitalization of $161.41 million, a price-to-earnings ratio of 23.46 and a beta of 1.61.

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.