HighTower Advisors LLC Sells 6,681 Shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

HighTower Advisors LLC cut its position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 21.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,157 shares of the company’s stock after selling 6,681 shares during the quarter. HighTower Advisors LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $993,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EMQQ. Prospect Financial Services LLC lifted its stake in shares of Emerging Markets Internet & Ecommerce ETF by 8.0% in the third quarter. Prospect Financial Services LLC now owns 8,445 shares of the company’s stock worth $331,000 after acquiring an additional 625 shares during the period. CWM LLC boosted its stake in shares of Emerging Markets Internet & Ecommerce ETF by 134.2% in the 2nd quarter. CWM LLC now owns 1,644 shares of the company’s stock valued at $55,000 after purchasing an additional 942 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Emerging Markets Internet & Ecommerce ETF by 69.4% during the second quarter. Cetera Investment Advisers now owns 30,950 shares of the company’s stock worth $1,027,000 after buying an additional 12,676 shares during the period. International Assets Investment Management LLC bought a new position in Emerging Markets Internet & Ecommerce ETF during the third quarter worth $999,000. Finally, Raymond James & Associates lifted its holdings in Emerging Markets Internet & Ecommerce ETF by 7.5% in the second quarter. Raymond James & Associates now owns 155,202 shares of the company’s stock valued at $5,151,000 after buying an additional 10,796 shares during the period.

Emerging Markets Internet & Ecommerce ETF Trading Up 0.5 %

Shares of Emerging Markets Internet & Ecommerce ETF stock opened at $37.25 on Wednesday. The business has a 50-day moving average price of $38.06 and a two-hundred day moving average price of $35.73. Emerging Markets Internet & Ecommerce ETF has a 1-year low of $28.50 and a 1-year high of $41.67. The company has a market cap of $422.79 million, a P/E 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.