Salem Investment Counselors Inc. Sells 790 Shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Salem Investment Counselors Inc. cut its stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,460 shares of the company’s stock after selling 790 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $108,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Analysts LLC raised its position in shares of Emerging Markets Internet & Ecommerce ETF by 92.1% in the fourth quarter. Capital Analysts LLC now owns 1,112 shares of the company’s stock valued at $34,000 after purchasing an additional 533 shares during the period. International Assets Investment Management LLC bought a new position in shares of Emerging Markets Internet & Ecommerce ETF in the fourth quarter valued at about $960,000. Garden State Investment Advisory Services LLC bought a new position in shares of Emerging Markets Internet & Ecommerce ETF in the fourth quarter valued at about $567,000. Private Advisor Group LLC increased its position in Emerging Markets Internet & Ecommerce ETF by 8.5% during the fourth quarter. Private Advisor Group LLC now owns 35,896 shares of the company’s stock worth $1,106,000 after acquiring an additional 2,797 shares during the period. Finally, Spire Wealth Management increased its position in Emerging Markets Internet & Ecommerce ETF by 7.8% during the fourth quarter. Spire Wealth Management now owns 12,765 shares of the company’s stock worth $373,000 after acquiring an additional 920 shares during the period.

Emerging Markets Internet & Ecommerce ETF Stock Performance

NYSEARCA:EMQQ opened at $33.59 on Monday. Emerging Markets Internet & Ecommerce ETF has a 52 week low of $27.60 and a 52 week high of $36.66. The firm has a market cap of $381.25 million, a price-to-earnings ratio of 23.95 and a beta of 1.23. The firm’s 50-day simple moving average is $33.82 and its 200 day simple moving average is $31.68.

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.