Moran Wealth Management LLC Takes Position in Amplify Online Retail ETF (NYSEARCA:IBUY)

Moran Wealth Management LLC bought a new stake in shares of Amplify Online Retail ETF (NYSEARCA:IBUY) in the 1st quarter, HoldingsChannel.com reports. The fund bought 4,548 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings 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 acquiring an additional 379 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Amplify Online Retail ETF in the 4th quarter worth $608,000. Commonwealth Equity Services LLC purchased a new stake in Amplify Online Retail ETF in the 4th quarter worth $205,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Amplify Online Retail ETF in the 4th quarter worth $398,000. Finally, LPL Financial LLC increased its holdings in Amplify Online Retail ETF by 18.5% in the 4th quarter. LPL Financial LLC now owns 80,315 shares of the company’s stock worth $5,192,000 after acquiring an additional 12,526 shares in the last quarter.

Amplify Online Retail ETF Stock Performance

Shares of NYSEARCA IBUY opened at $68.36 on Friday. The firm has a market cap of $153.81 million, a PE ratio of 23.29 and a beta of 1.48. The firm has a fifty day moving average of $65.76 and a 200 day moving average of $65.03. Amplify Online Retail ETF has a one year low of $49.08 and a one year high of $74.38.

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.