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IPAY - ETFMG Prime Mobile Payments ETF: The Future Of Payment Systems
ETFMG Prime Mobile Payments
Money is a strange business. People who haven't got it aim it strongly. People who have are full of troubles. - Ayrton Senna
ETFMG Prime Mobile Payments ETF (IPAY) is a fund that is dedicated to the mobile payments sector. Managed by ETF Managers Group LLC, the stock is trading less than 10% below its 52-week high. The ETF can be considered as a hybrid of Finance and Technology stocks, since payment channels are heavily influenced by these two sectors. While the valuations in the Technology sector seem to be stretched, and with