Crestone Asset Management LLC Sells 70,033 Shares of Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Crestone Asset Management LLC decreased its stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 37.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,289 shares of the company’s stock after selling 70,033 shares during the period. Emerging Markets Internet & Ecommerce ETF accounts for about 0.8% of Crestone Asset Management LLC’s holdings, making the stock its 21st biggest holding. Crestone Asset Management LLC owned 0.73% of Emerging Markets Internet & Ecommerce ETF worth $3,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EMQQ. Private Advisor Group LLC boosted its position in shares of Emerging Markets Internet & Ecommerce ETF by 8.5% during the 4th quarter. Private Advisor Group LLC now owns 35,896 shares of the company’s stock valued at $1,106,000 after purchasing an additional 2,797 shares in the last quarter. Spire Wealth Management raised its holdings in shares of 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 valued at $373,000 after purchasing an additional 920 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Emerging Markets Internet & Ecommerce ETF by 3.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 30,075 shares of the company’s stock valued at $927,000 after buying an additional 1,046 shares during the period. J.W. Cole Advisors Inc. raised its stake in Emerging Markets Internet & Ecommerce ETF by 3.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 60,645 shares of the company’s stock worth $1,868,000 after buying an additional 2,204 shares during the period. Finally, Capital Analysts LLC boosted its holdings in 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 worth $34,000 after acquiring an additional 533 shares in the last quarter.

Emerging Markets Internet & Ecommerce ETF Trading Down 0.3 %

Emerging Markets Internet & Ecommerce ETF stock traded down $0.12 during trading on Wednesday, hitting $34.27. 57,575 shares of the company were exchanged, compared to its average volume of 58,295. The business’s 50 day moving average is $31.57 and its 200 day moving average is $30.60. Emerging Markets Internet & Ecommerce ETF has a 52 week low of $27.32 and a 52 week high of $35.16. The company has a market capitalization of $388.96 million, a P/E ratio of 23.95 and a beta of 1.23.

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.