Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) Trading Up 1.4% – Time to Buy?

Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)’s stock price traded up 1.4% on Tuesday . The stock traded as high as $33.89 and last traded at $33.63. 19,511 shares traded hands during trading, a decline of 54% from the average session volume of 42,176 shares. The stock had previously closed at $33.17.

Emerging Markets Internet & Ecommerce ETF Stock Performance

The firm’s 50 day moving average is $36.33 and its 200-day moving average is $35.86. The stock has a market capitalization of $389.53 million, a price-to-earnings ratio of 23.95 and a beta of 1.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in shares of Emerging Markets Internet & Ecommerce ETF by 9.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 359,676 shares of the company’s stock valued at $14,103,000 after acquiring an additional 32,095 shares during the period. International Assets Investment Management LLC acquired a new stake in Emerging Markets Internet & Ecommerce ETF in the third quarter valued at approximately $999,000. RPg Family Wealth Advisory LLC grew its stake in Emerging Markets Internet & Ecommerce ETF by 36.6% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 60,667 shares of the company’s stock valued at $2,379,000 after acquiring an additional 16,263 shares during the period. Stifel Financial Corp increased its stake in shares of Emerging Markets Internet & Ecommerce ETF by 44.4% during the third quarter. Stifel Financial Corp now owns 42,779 shares of the company’s stock worth $1,677,000 after purchasing an additional 13,147 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Emerging Markets Internet & Ecommerce ETF by 69.4% during the 2nd quarter. Cetera Investment Advisers now owns 30,950 shares of the company’s stock worth $1,027,000 after buying an additional 12,676 shares in the last quarter.

About Emerging Markets Internet & Ecommerce ETF

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.