FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.46 and traded as high as $13.85. FMQQ The Next Frontier Internet & Ecommerce ETF shares last traded at $13.82, with a volume of 1,586 shares.

FMQQ The Next Frontier Internet & Ecommerce ETF Stock Down 0.4 %

The business’s 50 day simple moving average is $13.47 and its 200-day simple moving average is $12.93. The stock has a market capitalization of $30.00 million, a price-to-earnings ratio of 29.24 and a beta of 1.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FMQQ The Next Frontier Internet & Ecommerce ETF stock. Capital Advisors Ltd. LLC grew its holdings in FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 88.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,628 shares of the company’s stock after purchasing an additional 22,850 shares during the period. Capital Advisors Ltd. LLC owned approximately 2.23% of FMQQ The Next Frontier Internet & Ecommerce ETF worth $601,000 as of its most recent SEC filing.

About FMQQ The Next Frontier Internet & Ecommerce ETF

The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.