Trek Financial LLC Makes New $6.44 Million Investment in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Trek Financial LLC purchased a new stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 186,677 shares of the company’s stock, valued at approximately $6,437,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of Emerging Markets Internet & Ecommerce ETF by 44.4% in the 3rd quarter. Stifel Financial Corp now owns 42,779 shares of the company’s stock valued at $1,677,000 after buying an additional 13,147 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter worth about $5,454,000. Venturi Wealth Management LLC grew its position in shares of Emerging Markets Internet & Ecommerce ETF by 24.7% in the 4th quarter. Venturi Wealth Management LLC now owns 448,651 shares of the company’s stock valued at $15,469,000 after purchasing an additional 88,975 shares during the period. Corient Private Wealth LLC increased its stake in Emerging Markets Internet & Ecommerce ETF by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 71,218 shares of the company’s stock worth $2,456,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Emerging Markets Internet & Ecommerce ETF during the 4th quarter worth approximately $1,183,000.

Emerging Markets Internet & Ecommerce ETF Stock Down 7.3 %

Shares of EMQQ stock opened at $34.87 on Friday. The company has a market capitalization of $326.03 million, a price-to-earnings ratio of 21.40 and a beta of 0.66. Emerging Markets Internet & Ecommerce ETF has a 12-month low of $30.35 and a 12-month high of $41.67. The firm has a fifty day moving average of $38.40 and a 200-day moving average of $37.62.

Emerging Markets Internet & Ecommerce ETF 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.