Envestnet Asset Management Inc. Decreases Holdings in Emerging Markets Internet ETF (NYSEARCA:EMQQ)

Envestnet Asset Management Inc. trimmed its position in shares of Emerging Markets Internet ETF (NYSEARCA:EMQQ) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,796 shares of the company’s stock after selling 1,702 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of Emerging Markets Internet ETF worth $526,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Emerging Markets Internet ETF during the 4th quarter valued at about $5,454,000. White Knight Strategic Wealth Advisors LLC raised its holdings in shares of Emerging Markets Internet ETF by 98.1% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 65,462 shares of the company’s stock valued at $2,257,000 after buying an additional 32,409 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Emerging Markets Internet ETF by 14.4% during the 4th quarter. Cetera Investment Advisers now owns 22,137 shares of the company’s stock valued at $763,000 after buying an additional 2,790 shares in the last quarter. Gemmer Asset Management LLC purchased a new position in shares of Emerging Markets Internet ETF during the 1st quarter valued at about $565,000. Finally, Glen Eagle Advisors LLC raised its holdings in shares of Emerging Markets Internet ETF by 7.3% during the 4th quarter. Glen Eagle Advisors LLC now owns 10,328 shares of the company’s stock valued at $356,000 after buying an additional 705 shares in the last quarter.

Emerging Markets Internet ETF Price Performance

Shares of Emerging Markets Internet ETF stock opened at $40.93 on Wednesday. The business’s 50 day simple moving average is $40.83 and its two-hundred day simple moving average is $38.96. The stock has a market capitalization of $358.14 million, a P/E ratio of 21.93 and a beta of 0.75. Emerging Markets Internet ETF has a one year low of $31.37 and a one year high of $42.78.

Emerging Markets Internet 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.