Grove Street Fiduciary LLC Buys New Shares in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Grove Street Fiduciary LLC bought a new position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 926,375 shares of the company’s stock, valued at approximately $31,941,000. Emerging Markets Internet & Ecommerce ETF accounts for about 16.8% of Grove Street Fiduciary LLC’s holdings, making the stock its largest holding. Grove Street Fiduciary LLC owned about 0.08% of Emerging Markets Internet & Ecommerce ETF at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in Emerging Markets Internet & Ecommerce ETF during the 3rd quarter valued at approximately $53,000. MML Investors Services LLC grew its stake in Emerging Markets Internet & Ecommerce ETF by 11.7% during the third quarter. MML Investors Services LLC now owns 13,469 shares of the company’s stock valued at $528,000 after acquiring an additional 1,414 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Emerging Markets Internet & Ecommerce ETF in the 3rd quarter valued at $999,000. White Knight Strategic Wealth Advisors LLC boosted its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 1.1% during the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 33,053 shares of the company’s stock valued at $1,296,000 after purchasing an additional 344 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter valued at about $1,183,000.

Emerging Markets Internet & Ecommerce ETF Trading Up 1.0 %

Shares of EMQQ stock opened at $39.86 on Friday. The stock has a market capitalization of $452.41 million, a price-to-earnings ratio of 23.95 and a beta of 1.23. Emerging Markets Internet & Ecommerce ETF has a 12-month low of $29.86 and a 12-month high of $41.67. The stock’s 50-day moving average price is $36.06 and its 200-day moving average price is $36.48.

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.