Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) Stock Price Up 1.4% – Still a Buy?

Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)’s stock price rose 1.4% on Tuesday . The stock traded as high as $33.89 and last traded at $33.63. Approximately 19,511 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 42,176 shares. The stock had previously closed at $33.17.

Emerging Markets Internet & Ecommerce ETF Stock Performance

The firm has a market capitalization of $381.70 million, a PE ratio of 23.95 and a beta of 1.23. The stock’s 50-day simple moving average is $36.51 and its 200-day simple moving average is $35.88.

Hedge Funds Weigh In On Emerging Markets Internet & Ecommerce ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in Emerging Markets Internet & Ecommerce ETF by 9.8% during the third quarter. Venturi Wealth Management LLC now owns 359,676 shares of the company’s stock valued at $14,103,000 after buying an additional 32,095 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Emerging Markets Internet & Ecommerce ETF by 1.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 61,794 shares of the company’s stock worth $2,423,000 after acquiring an additional 792 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its position in Emerging Markets Internet & Ecommerce ETF by 36.6% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 60,667 shares of the company’s stock valued at $2,379,000 after acquiring an additional 16,263 shares during the period. Stifel Financial Corp boosted its stake in Emerging Markets Internet & Ecommerce ETF by 44.4% during the third quarter. Stifel Financial Corp now owns 42,779 shares of the company’s stock worth $1,677,000 after acquiring an additional 13,147 shares in the last quarter. Finally, White Knight Strategic Wealth Advisors LLC grew its holdings in Emerging Markets Internet & Ecommerce ETF by 1.1% in the third quarter. White Knight Strategic Wealth Advisors LLC now owns 33,053 shares of the company’s stock worth $1,296,000 after purchasing an additional 344 shares during the period.

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.