Ellis Investment Partners LLC Trims Stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Ellis Investment Partners LLC lowered its holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 33,264 shares of the company’s stock after selling 573 shares during the period. Ellis Investment Partners LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $1,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMQQ. Crewe Advisors LLC purchased a new stake in Emerging Markets Internet & Ecommerce ETF in the first quarter valued at $31,000. ORG Partners LLC acquired a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the second quarter valued at $31,000. CWM LLC grew its stake in shares of Emerging Markets Internet & Ecommerce ETF by 134.2% in the second quarter. CWM LLC now owns 1,644 shares of the company’s stock valued at $55,000 after buying an additional 942 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the first quarter valued at $183,000. Finally, Tidal Investments LLC acquired a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the first quarter valued at $212,000.

Emerging Markets Internet & Ecommerce ETF Trading Down 1.9 %

Shares of NYSEARCA EMQQ opened at $33.24 on Friday. Emerging Markets Internet & Ecommerce ETF has a twelve month low of $27.60 and a twelve month high of $36.66. The stock has a fifty day simple moving average of $33.50 and a 200-day simple moving average of $32.97. The stock has a market capitalization of $377.27 million, a PE ratio of 23.95 and a beta of 1.23.

Emerging Markets Internet & Ecommerce 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.