Arkadios Wealth Advisors Acquires 5,431 Shares of ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY)

Arkadios Wealth Advisors grew its holdings in shares of ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY – Get Rating) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,904 shares of the company’s stock after acquiring an additional 5,431 shares during the quarter. Arkadios Wealth Advisors owned about 0.20% of ETFMG Prime Mobile Payments ETF worth $978,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Means Investment CO. Inc. raised its holdings in shares of ETFMG Prime Mobile Payments ETF by 1.7% during the 3rd quarter. Means Investment CO. Inc. now owns 68,799 shares of the company’s stock valued at $2,597,000 after buying an additional 1,151 shares in the last quarter. Concorde Asset Management LLC purchased a new position in shares of ETFMG Prime Mobile Payments ETF during the 3rd quarter valued at about $211,000. Flagship Harbor Advisors LLC raised its holdings in shares of ETFMG Prime Mobile Payments ETF by 3.8% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 38,184 shares of the company’s stock valued at $1,441,000 after buying an additional 1,390 shares in the last quarter. InterOcean Capital Group LLC raised its holdings in shares of ETFMG Prime Mobile Payments ETF by 16.4% during the 2nd quarter. InterOcean Capital Group LLC now owns 27,937 shares of the company’s stock valued at $1,093,000 after buying an additional 3,936 shares in the last quarter. Finally, Montag & Caldwell LLC purchased a new position in shares of ETFMG Prime Mobile Payments ETF during the 2nd quarter valued at about $285,000.

ETFMG Prime Mobile Payments ETF Trading Down 1.3 %

Shares of NYSEARCA IPAY opened at $39.97 on Friday. The stock’s 50-day moving average is $42.80 and its 200 day moving average is $40.97. The stock has a market cap of $465.65 million, a price-to-earnings ratio of 22.53 and a beta of 1.25. ETFMG Prime Mobile Payments ETF has a 1-year low of $36.55 and a 1-year high of $54.13.

About ETFMG Prime Mobile Payments ETF

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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.