PFG Investments LLC Buys Shares of 12,530 Wrap Technologies, Inc. (NASDAQ:WRAP)

PFG Investments LLC purchased a new stake in shares of Wrap Technologies, Inc. (NASDAQ:WRAP) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,530 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Core Wealth Partners LLC bought a new stake in shares of Wrap Technologies in the first quarter worth $26,000. Financial Security Advisor Inc. lifted its holdings in Wrap Technologies by 31.1% during the 1st quarter. Financial Security Advisor Inc. now owns 31,049 shares of the company’s stock worth $70,000 after buying an additional 7,361 shares during the period. Symmetry Peak Management LLC bought a new stake in shares of Wrap Technologies in the 4th quarter valued at about $66,000. Meridian Wealth Management LLC increased its stake in shares of Wrap Technologies by 61.6% in the fourth quarter. Meridian Wealth Management LLC now owns 29,500 shares of the company’s stock valued at $91,000 after buying an additional 11,250 shares during the period. Finally, Welch Group LLC bought a new position in shares of Wrap Technologies during the fourth quarter worth about $218,000. 8.82% of the stock is currently owned by institutional investors.

Wrap Technologies Price Performance

Shares of Wrap Technologies stock traded up $0.14 during midday trading on Friday, reaching $1.69. The company had a trading volume of 294,218 shares, compared to its average volume of 290,214. The stock has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.78. Wrap Technologies, Inc. has a fifty-two week low of $0.95 and a fifty-two week high of $7.01. The firm has a market cap of $74.71 million, a PE ratio of -4.45 and a beta of 1.52.

About Wrap Technologies

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.