Raymond James Financial Inc. Invests $608,000 in Amplify Online Retail ETF (NYSEARCA:IBUY)

Raymond James Financial Inc. acquired a new stake in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,407 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in Amplify Online Retail ETF by 2,707.1% in the 4th quarter. Global Retirement Partners LLC now owns 393 shares of the company’s stock worth $25,000 after purchasing an additional 379 shares during the period. Kestra Investment Management LLC bought a new position in shares of Amplify Online Retail ETF during the fourth quarter worth $33,000. Strategic Financial Concepts LLC bought a new position in shares of Amplify Online Retail ETF during the fourth quarter worth $2,637,000. Principal Securities Inc. bought a new stake in Amplify Online Retail ETF in the 4th quarter valued at $320,000. Finally, Valley National Advisers Inc. increased its holdings in Amplify Online Retail ETF by 508.3% in the 4th quarter. Valley National Advisers Inc. now owns 663 shares of the company’s stock valued at $42,000 after acquiring an additional 554 shares during the last quarter.

Amplify Online Retail ETF Stock Down 5.2 %

Shares of Amplify Online Retail ETF stock opened at $54.22 on Monday. Amplify Online Retail ETF has a twelve month low of $49.08 and a twelve month high of $74.38. The business has a 50-day moving average price of $65.60 and a 200-day moving average price of $64.87. The firm has a market cap of $140.97 million, a price-to-earnings ratio of 23.32 and a beta of 1.67.

Amplify Online Retail ETF Company 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.