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

Shares of Emerging Markets Internet ETF (NYSEARCA:EMQQ) traded down 1.2% during trading 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 session volume of 50,581 shares. The stock had previously closed at $30.83.

Emerging Markets Internet ETF Stock Performance

The stock’s 50-day simple moving average is $32.39 and its 200 day simple moving average is $32.86. The company has a market capitalization of $228.38 million, a PE ratio of 21.93 and a beta of 0.60.

Hedge Funds Weigh In On Emerging Markets Internet ETF

Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its stake in Emerging Markets Internet ETF by 517.8% in the first 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. Risk Paradigm Group LLC boosted 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 acquiring an additional 7,639 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC boosted 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 acquiring an additional 2,671 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.