UBS Group AG Cuts Position in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

UBS Group AG lessened its holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ – Get Rating) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 300,802 shares of the company’s stock after selling 90,233 shares during the quarter. UBS Group AG owned about 1.69% of Emerging Markets Internet & Ecommerce ETF worth $8,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in Emerging Markets Internet & Ecommerce ETF by 19.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 70,473 shares of the company’s stock worth $2,095,000 after purchasing an additional 11,299 shares during the period. B&D White Capital Company LLC purchased a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the fourth quarter valued at approximately $3,226,000. Commonwealth Equity Services LLC grew its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 222,691 shares of the company’s stock valued at $6,620,000 after buying an additional 3,100 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 227,551 shares of the company’s stock valued at $6,765,000 after buying an additional 20,960 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Emerging Markets Internet & Ecommerce ETF by 7.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,307 shares of the company’s stock valued at $1,139,000 after buying an additional 2,684 shares during the last quarter.

Emerging Markets Internet & Ecommerce ETF Stock Down 2.8 %

NYSEARCA:EMQQ opened at $28.93 on Wednesday. The company’s 50 day moving average price is $30.23 and its 200-day moving average price is $30.68. Emerging Markets Internet & Ecommerce ETF has a 52 week low of $20.77 and a 52 week high of $35.78. The stock has a market cap of $513.51 million, a price-to-earnings ratio of 13.79 and a beta of 0.75.

About Emerging Markets Internet & Ecommerce ETF

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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.