Ellis Investment Partners LLC Has $979,000 Stock Position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Ellis Investment Partners LLC trimmed its position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,396 shares of the company’s stock after selling 1,450 shares during the period. Ellis Investment Partners LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMQQ. International Assets Investment Management LLC acquired a new stake in Emerging Markets Internet & Ecommerce ETF in the third quarter worth about $999,000. J.W. Cole Advisors Inc. increased its position in Emerging Markets Internet & Ecommerce ETF by 1.3% in the third quarter. J.W. Cole Advisors Inc. now owns 61,794 shares of the company’s stock worth $2,423,000 after purchasing an additional 792 shares during the period. Venturi Wealth Management LLC increased its position in Emerging Markets Internet & Ecommerce ETF by 9.8% in the third quarter. Venturi Wealth Management LLC now owns 359,676 shares of the company’s stock worth $14,103,000 after purchasing an additional 32,095 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Emerging Markets Internet & Ecommerce ETF in the third quarter worth about $53,000. Finally, RPg Family Wealth Advisory LLC increased its position in Emerging Markets Internet & Ecommerce ETF by 36.6% in the third quarter. RPg Family Wealth Advisory LLC now owns 60,667 shares of the company’s stock worth $2,379,000 after purchasing an additional 16,263 shares during the period.

Emerging Markets Internet & Ecommerce ETF Stock Up 1.9 %

Shares of EMQQ stock opened at $39.49 on Friday. The stock has a 50-day moving average price of $35.98 and a 200 day moving average price of $36.33. The firm has a market cap of $448.21 million, a price-to-earnings ratio of 23.95 and a beta of 1.23. Emerging Markets Internet & Ecommerce ETF has a 12 month low of $29.86 and a 12 month high of $41.67.

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.