Raymond James Financial Services Advisors Inc. Acquires 167,547 Shares of Wrap Technologies, Inc. (NASDAQ:WRAP)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Wrap Technologies, Inc. (NASDAQ:WRAP) by 351.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,250 shares of the company’s stock after purchasing an additional 167,547 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.49% of Wrap Technologies worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Williams Jones Wealth Management LLC. bought a new stake in shares of Wrap Technologies during the first quarter worth about $41,000. Dimensional Fund Advisors LP bought a new stake in shares of Wrap Technologies during the fourth quarter worth about $26,000. Virtu Financial LLC bought a new stake in shares of Wrap Technologies during the fourth quarter worth about $29,000. Two Sigma Securities LLC bought a new stake in shares of Wrap Technologies during the second quarter worth about $25,000. Finally, UBS Group AG grew its holdings in shares of Wrap Technologies by 136.0% during the fourth quarter. UBS Group AG now owns 17,348 shares of the company’s stock worth $29,000 after purchasing an additional 9,998 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors.

Wrap Technologies Trading Down 5.4 %

NASDAQ:WRAP opened at $1.91 on Thursday. The stock has a market cap of $84.45 million, a P/E ratio of -5.03 and a beta of 1.44. The stock’s 50-day moving average is $3.01 and its 200-day moving average is $2.76. Wrap Technologies, Inc. has a 1-year low of $0.95 and a 1-year 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.