Shares of Emerging Markets Internet ETF (NYSEARCA:EMQQ – Get Free Report) traded down 1.2% on Thursday. The company traded as low as $30.34 and last traded at $30.45. Approximately 18,075 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 50,581 shares. The stock had previously closed at $30.83.
Emerging Markets Internet ETF Stock Performance
The company has a 50-day moving average price of $32.31 and a 200-day moving average price of $32.84. The firm has a market capitalization of $227.03 million, a P/E ratio of 21.93 and a beta of 0.60.
Hedge Funds Weigh In On Emerging Markets Internet ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its stake in shares of Emerging Markets Internet ETF by 517.8% in the 1st quarter. Venturi Wealth Management LLC now owns 58,594 shares of the company’s stock valued at $1,938,000 after acquiring an additional 49,110 shares during the last quarter. Risk Paradigm Group LLC raised its position in shares of Emerging Markets Internet ETF by 14.4% in the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock valued at $1,893,000 after acquiring an additional 7,639 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its stake in Emerging Markets Internet ETF by 3.5% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 80,042 shares of the company’s stock worth $2,498,000 after acquiring an additional 2,671 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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