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ETFMG Prime Mobile Payments ETF (IPAY) Profile

Updated Dec 5, 2019
ETFMG Prime Mobile Payments ETF tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions.

Fund Profile for ETFMG Prime Mobile Payments ETF (IPAY)

The ETFMG Prime Mobile Payments ETF (IPAY) ETF has the following static details:

ETF TickerIPAY
ETF NameETFMG Prime Mobile Payments ETF
Primary Asset ClassEquity
Secondary Asset ClassLarge-Cap
Primary CategoryTechnology Equities
Other CategoriesEquity, Large-Cap, Technology Equities, North America, USA, Technology, Technology-Broad, Low Carbon, Growth, Broad-based, Vanilla, Global,
Launch Date16-Jul-2015
IssuerETF Managers Group
No. of Holdings39
RegionNorth America
Sub-regionUSA
SectorTechnology
Sub-sectorTechnology-Broad
Investment StyleLow Carbon
Investment StrategyGrowth
Leveraged ETF?No
Currency Hedging?No
IPAY aims for pure play exposure to a narrow niche: mobile payments. While trendy start-ups may leap to mind, old-school credit card names land at the top of the portfolio. Still, the fund’s unique weighting system, which ranks rather than weights firms by their market cap, keeps Visa, MasterCard and others at about 6% each. Firms providing payment infrastructure, processing, solutions and services—as defined by index provider ISE—round out the basket. The fund and the index are new, and follow in the footsteps of hugely-popular HACK, another narrow-niche tech play from the same issuer. IPAY faces a tall order in attempting to match HACK’s asset levels and liquidity. The fund isn’t cheap compared with ETFs providing broad tech exposure (especially for the US-only ETFs like VGT), but some niche tech ETFs charge more. Trade IPAY with care.

Trading Details for ETFMG Prime Mobile Payments ETF (IPAY)

The ETFMG Prime Mobile Payments ETF (IPAY) ETF trades with the following key details for trading and market data as of writing date Dec 5, 2019:

Expense Ratio (%)0.8%
Dividend FrequencyQuarterly
52-week Price Range$0 - $50.03
Per ETF Share Price$48.4
Other Similar or Competitor ETFsIXN, CIBR, FINX, SOCL, AIQ
Commission-Free AvailabilityNA

List of Similar ETFs

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- First Trust NASDAQ CEA Cybersecurity ETF (CIBR)
- Global X FinTech Thematic ETF (FINX)
- Global X Social Media Index ETF (SOCL)
- Global X Future Analytics Tech ETF (AIQ)

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