Emerging Markets Internet ETF (NYSEARCA:EMQQ) Stock Falls 1.2% – Here’s What Happened

Shares of Emerging Markets Internet ETF (NYSEARCA:EMQQ) fell 1.2% on Thursday. The stock traded as low as $30.34 and last traded at $30.45. 18,075 shares were traded during trading, a decline of 64% from the average daily volume of 50,581 shares. The stock had previously closed at $30.83.

Emerging Markets Internet ETF Stock Down 1.2%

The stock has a fifty day moving average of $32.39 and a 200-day moving average of $32.86. The stock has a market capitalization of $228.38 million, a price-to-earnings ratio of 21.93 and a beta of 0.60.

Institutional Trading of Emerging Markets Internet ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC lifted its position in shares of 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 buying an additional 2,671 shares during the last quarter. Risk Paradigm Group LLC lifted its position in shares of Emerging Markets Internet ETF by 14.4% during the 2nd quarter. Risk Paradigm Group LLC now owns 60,674 shares of the company’s stock worth $1,893,000 after buying an additional 7,639 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings 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 buying an additional 49,110 shares in 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.