PFG Investments LLC Makes New Investment in Wrap Technologies, Inc. (NASDAQ:WRAP)

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

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

Wrap Technologies Stock Up 8.7 %

Shares of WRAP stock traded up $0.14 during trading on Friday, hitting $1.69. The company had a trading volume of 294,218 shares, compared to its average volume of 290,214. The stock’s 50-day moving average is $2.46 and its two-hundred day moving average is $2.78. The stock has a market capitalization of $74.71 million, a price-to-earnings ratio of -4.45 and a beta of 1.52. Wrap Technologies, Inc. has a 52 week low of $0.95 and a 52 week high of $7.01.

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.