FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.46 and traded as high as $13.85. FMQQ The Next Frontier Internet & Ecommerce ETF shares last traded at $13.82, with a volume of 1,586 shares trading hands.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The stock has a market cap of $30.00 million, a price-to-earnings ratio of 29.24 and a beta of 1.10. The company’s fifty day simple moving average is $13.47 and its two-hundred day simple moving average is $12.93.

Institutional Investors Weigh In On FMQQ The Next Frontier Internet & Ecommerce ETF

A hedge fund recently raised its stake in FMQQ The Next Frontier Internet & Ecommerce ETF stock. Capital Advisors Ltd. LLC grew its stake in FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 88.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,628 shares of the company’s stock after purchasing an additional 22,850 shares during the quarter. Capital Advisors Ltd. LLC owned approximately 2.23% of FMQQ The Next Frontier Internet & Ecommerce ETF worth $601,000 at the end of the most recent reporting period.

About FMQQ The Next Frontier Internet & Ecommerce ETF

The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.