Opulen Financial Group LLC Acquires Shares of 19,505 Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Opulen Financial Group LLC bought a new position in shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,505 shares of the company’s stock, valued at approximately $673,000. Opulen Financial Group LLC owned approximately 0.17% of Emerging Markets Internet & Ecommerce ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter worth about $5,454,000. Grove Street Fiduciary LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter worth about $31,941,000. Venturi Wealth Management LLC increased its stake in shares of Emerging Markets Internet & Ecommerce ETF by 24.7% during the fourth quarter. Venturi Wealth Management LLC now owns 448,651 shares of the company’s stock worth $15,469,000 after purchasing an additional 88,975 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Emerging Markets Internet & Ecommerce ETF by 1.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 62,895 shares of the company’s stock worth $2,169,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter worth about $1,183,000.

Emerging Markets Internet & Ecommerce ETF Stock Up 5.1 %

EMQQ stock opened at $39.69 on Thursday. The stock has a market capitalization of $375.07 million, a P/E ratio of 22.67 and a beta of 0.66. The firm has a 50-day simple moving average of $36.49 and a 200-day simple moving average of $36.88. Emerging Markets Internet & Ecommerce ETF has a 52 week low of $30.07 and a 52 week 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.