Ellis Investment Partners LLC Decreases Stock Position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Ellis Investment Partners LLC trimmed its holdings in shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,846 shares of the company’s stock after selling 3,418 shares during the period. Ellis Investment Partners LLC owned approximately 0.26% of Emerging Markets Internet & Ecommerce ETF worth $1,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EMQQ. ORG Partners LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the second quarter valued at $31,000. Federated Hermes Inc. bought a new position in Emerging Markets Internet & Ecommerce ETF during the 2nd quarter valued at about $32,000. Crewe Advisors LLC bought a new position in Emerging Markets Internet & Ecommerce ETF during the 1st quarter valued at about $31,000. CWM LLC boosted its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 134.2% during the 2nd quarter. CWM LLC now owns 1,644 shares of the company’s stock valued at $55,000 after acquiring an additional 942 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the third quarter worth approximately $92,000.

Emerging Markets Internet & Ecommerce ETF Stock Performance

Shares of EMQQ traded down $0.16 during mid-day trading on Friday, hitting $38.26. 88,960 shares of the company traded hands, compared to its average volume of 58,298. The stock has a market cap of $434.25 million, a price-to-earnings ratio of 23.95 and a beta of 1.23. The stock has a 50-day moving average price of $36.72 and a two-hundred day moving average price of $34.63. Emerging Markets Internet & Ecommerce ETF has a 1 year low of $27.84 and a 1 year high of $41.67.

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.