Grove Street Fiduciary LLC Buys Shares of 926,375 Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Grove Street Fiduciary LLC purchased a new position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 926,375 shares of the company’s stock, valued at approximately $31,941,000. Emerging Markets Internet & Ecommerce ETF accounts for 16.8% of Grove Street Fiduciary LLC’s portfolio, making the stock its biggest position. Grove Street Fiduciary LLC owned 8.16% of Emerging Markets Internet & Ecommerce ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in EMQQ. Venturi Wealth Management LLC increased its position in shares of Emerging Markets Internet & Ecommerce ETF by 24.7% during 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 last quarter. J.W. Cole Advisors Inc. increased its holdings in 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 valued at $2,169,000 after buying an additional 1,101 shares during the last quarter. RPg Family Wealth Advisory LLC raised 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 acquiring an additional 16,263 shares during the period. Stifel Financial Corp boosted its stake 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 acquiring an additional 13,147 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the 4th quarter valued at $1,183,000.

Emerging Markets Internet & Ecommerce ETF Price Performance

NYSEARCA:EMQQ opened at $39.86 on Friday. The business has a fifty day moving average price of $36.06 and a 200-day moving average price of $36.48. Emerging Markets Internet & Ecommerce ETF has a one year low of $29.86 and a one year high of $41.67. The firm has a market capitalization of $452.41 million, a price-to-earnings ratio of 23.95 and a beta of 1.23.

About Emerging Markets Internet & Ecommerce ETF

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.