Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) Shares Sold by Summit Asset Management LLC

Summit Asset Management LLC cut its holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,207 shares of the company’s stock after selling 660 shares during the period. Summit Asset Management LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $222,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. J.W. Cole Advisors Inc. grew its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 3.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 60,645 shares of the company’s stock valued at $1,868,000 after purchasing an additional 2,204 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the 4th quarter worth about $1,506,000. Ellis Investment Partners LLC lifted its position in 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. International Assets Investment Management LLC bought a new stake in Emerging Markets Internet & Ecommerce ETF in the 4th quarter valued at about $960,000. Finally, Austin Wealth Management LLC acquired a new position in Emerging Markets Internet & Ecommerce ETF during the 3rd quarter valued at about $624,000.

Emerging Markets Internet & Ecommerce ETF Stock Up 5.1 %

NYSEARCA EMQQ traded up $1.66 on Thursday, hitting $34.30. The stock had a trading volume of 52,772 shares, compared to its average volume of 58,467. The company’s 50-day moving average is $31.26 and its two-hundred day moving average is $30.43. The stock has a market cap of $389.31 million, a price-to-earnings ratio of 23.95 and a beta of 1.23. Emerging Markets Internet & Ecommerce ETF has a one year low of $27.32 and a one year high of $34.32.

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.