Financial Engines Advisors L.L.C. Cuts Position in ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY)

Financial Engines Advisors L.L.C. cut its position in ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,278 shares of the company’s stock after selling 5,269 shares during the period. Financial Engines Advisors L.L.C. owned 0.75% of ETFMG Prime Mobile Payments ETF worth $3,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC acquired a new stake in shares of ETFMG Prime Mobile Payments ETF during the fourth quarter worth $35,000. Citigroup Inc. boosted its stake in shares of ETFMG Prime Mobile Payments ETF by 71.7% in the 4th quarter. Citigroup Inc. now owns 1,030 shares of the company’s stock worth $36,000 after buying an additional 430 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of ETFMG Prime Mobile Payments ETF by 16.5% in the 4th quarter. IFP Advisors Inc now owns 2,143 shares of the company’s stock worth $74,000 after buying an additional 303 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of ETFMG Prime Mobile Payments ETF in the 1st quarter worth approximately $243,000. Finally, Valley National Advisers Inc. boosted its stake in shares of ETFMG Prime Mobile Payments ETF by 57.8% in the 4th quarter. Valley National Advisers Inc. now owns 6,430 shares of the company’s stock worth $225,000 after buying an additional 2,354 shares during the last quarter.

Shares of NYSEARCA IPAY traded down $0.11 during midday trading on Friday, reaching $46.06. The company’s stock had a trading volume of 124,000 shares, compared to its average volume of 136,612. ETFMG Prime Mobile Payments ETF has a 12-month low of $32.40 and a 12-month high of $46.65.

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Institutional Ownership by Quarter for ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY)

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