Fernwood Investment Management LLC Decreases Holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Fernwood Investment Management LLC lowered its holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,633 shares of the company’s stock after selling 2,822 shares during the quarter. Fernwood Investment Management LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stifel Financial Corp lifted its position in shares of Emerging Markets Internet & Ecommerce ETF by 44.4% during the 3rd quarter. Stifel Financial Corp now owns 42,779 shares of the company’s stock worth $1,677,000 after buying an additional 13,147 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Emerging Markets Internet & Ecommerce ETF in the fourth quarter valued at $5,454,000. LPL Financial LLC grew its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 3.0% during the fourth quarter. LPL Financial LLC now owns 214,332 shares of the company’s stock worth $7,390,000 after purchasing an additional 6,219 shares during the last quarter. Venturi Wealth Management LLC increased its position 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. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the 4th quarter valued at about $1,183,000.

Emerging Markets Internet & Ecommerce ETF Stock Down 2.2 %

EMQQ opened at $33.10 on Wednesday. Emerging Markets Internet & Ecommerce ETF has a 52 week low of $30.35 and a 52 week high of $41.67. The business’s 50 day moving average is $38.25 and its two-hundred day moving average is $37.58. The firm has a market cap of $309.49 million, a price-to-earnings ratio of 21.40 and a beta of 0.66.

Emerging Markets Internet & Ecommerce ETF Company 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.