Shares of Emerging Markets Internet ETF (NYSEARCA:EMQQ – Get Free Report) dropped 1.7% on Tuesday . The company traded as low as $33.17 and last traded at $33.20. Approximately 34,020 shares were traded during mid-day trading, a decline of 37% from the average session volume of 53,928 shares. The stock had previously closed at $33.76.
Emerging Markets Internet ETF Stock Down 1.7%
The stock has a market capitalization of $265.60 million, a PE ratio of 21.93 and a beta of 0.61. The firm has a 50 day moving average price of $33.63 and a 200-day moving average price of $33.47.
Hedge Funds Weigh In On Emerging Markets Internet ETF
A number of institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in Emerging Markets Internet ETF during the 3rd quarter valued at approximately $30,000. Jessup Wealth Management Inc acquired a new stake in shares of Emerging Markets Internet ETF in the fourth quarter worth $73,000. RPg Family Wealth Advisory LLC increased its stake in shares of Emerging Markets Internet ETF by 3.1% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 66,898 shares of the company’s stock worth $2,700,000 after acquiring an additional 2,006 shares during the period. Stronghold Wealth Management L.L.C. purchased a new position in shares of Emerging Markets Internet ETF during the fourth quarter worth $283,000. Finally, Risk Paradigm Group LLC raised its holdings in shares of Emerging Markets Internet ETF by 14.4% during the second quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after purchasing an additional 7,639 shares during the last quarter.
Emerging Markets Internet ETF Company Profile
The EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a cap-weighted index of companies producing most of their revenue from internet or ecommerce activity in emerging markets. EMQQ was launched on Nov 13, 2014 and is managed by EMQQ.
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