Prospera Financial Services Inc Sells 1,624 Shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Prospera Financial Services Inc cut its stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 21.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,011 shares of the company’s stock after selling 1,624 shares during the quarter. Prospera Financial Services Inc’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC bought a new stake in Emerging Markets Internet & Ecommerce ETF in the second quarter valued at $31,000. Federated Hermes Inc. bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF in the 2nd quarter worth about $32,000. CWM LLC increased its position in shares of Emerging Markets Internet & Ecommerce ETF by 134.2% during the 2nd quarter. CWM LLC now owns 1,644 shares of the company’s stock worth $55,000 after purchasing an additional 942 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Emerging Markets Internet & Ecommerce ETF during the 3rd quarter valued at about $92,000. Finally, Tidal Investments LLC acquired a new position in Emerging Markets Internet & Ecommerce ETF in the first quarter valued at about $212,000.

Emerging Markets Internet & Ecommerce ETF Trading Up 1.2 %

Shares of Emerging Markets Internet & Ecommerce ETF stock opened at $37.40 on Tuesday. Emerging Markets Internet & Ecommerce ETF has a 1-year low of $28.50 and a 1-year high of $41.67. The firm’s 50-day moving average price is $38.31 and its two-hundred day moving average price is $35.44. The stock has a market capitalization of $424.49 million, a price-to-earnings ratio of 23.95 and a beta of 1.23.

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.