Purus Wealth Management LLC Makes New Investment in Global X Emerging Markets ETF $EMM

Purus Wealth Management LLC purchased a new stake in shares of Global X Emerging Markets ETF (NYSEARCA:EMM) in the third quarter, HoldingsChannel.com reports. The firm purchased 19,273 shares of the company’s stock, valued at approximately $856,000.

A number of other institutional investors have also recently added to or reduced their stakes in EMM. NewEdge Advisors LLC purchased a new position in Global X Emerging Markets ETF in the second quarter valued at about $1,789,000. Citadel Advisors LLC purchased a new stake in shares of Global X Emerging Markets ETF in the second quarter worth about $623,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Global X Emerging Markets ETF in the first quarter worth about $278,000.

Global X Emerging Markets ETF Stock Performance

Shares of EMM stock traded down $0.45 during trading hours on Thursday, reaching $41.63. The company had a trading volume of 4,327 shares, compared to its average volume of 18,056. Global X Emerging Markets ETF has a twelve month low of $31.63 and a twelve month high of $47.54. The company has a market capitalization of $55.37 million, a P/E ratio of 17.76 and a beta of 1.03. The stock’s fifty day simple moving average is $44.28 and its 200 day simple moving average is $42.84.

About Global X Emerging Markets ETF

The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.