Fernwood Investment Management LLC Cuts Stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Fernwood Investment Management LLC reduced its holdings in shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,161 shares of the company’s stock after selling 3,406 shares during the period. Fernwood Investment Management LLC owned about 0.21% of Emerging Markets Internet & Ecommerce ETF worth $1,052,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EMQQ. Capital Analysts LLC increased its stake in Emerging Markets Internet & Ecommerce ETF by 92.1% during the 4th quarter. Capital Analysts LLC now owns 1,112 shares of the company’s stock worth $34,000 after buying an additional 533 shares during the period. Austin Wealth Management LLC purchased a new stake in Emerging Markets Internet & Ecommerce ETF during the 3rd quarter worth approximately $624,000. International Assets Investment Management LLC purchased a new stake in Emerging Markets Internet & Ecommerce ETF during the 4th quarter worth approximately $960,000. Ellis Investment Partners LLC increased its position in shares of Emerging Markets Internet & Ecommerce ETF by 31.2% in the 3rd quarter. Ellis Investment Partners LLC now owns 41,842 shares of the company’s stock valued at $1,229,000 after purchasing an additional 9,946 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the 4th quarter valued at approximately $1,506,000.

Emerging Markets Internet & Ecommerce ETF Stock Performance

Shares of NYSEARCA:EMQQ traded up $0.19 during trading hours on Monday, reaching $33.16. The stock had a trading volume of 34,980 shares, compared to its average volume of 58,912. Emerging Markets Internet & Ecommerce ETF has a 1 year low of $27.32 and a 1 year high of $33.74. The firm’s 50 day moving average is $31.13 and its 200-day moving average is $30.36. The stock has a market capitalization of $378.02 million, a price-to-earnings ratio of 22.94 and a beta of 1.23.

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.