Axxcess Wealth Management LLC Reduces Stock Holdings in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ)

Axxcess Wealth Management LLC decreased its stake in Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,820 shares of the company’s stock after selling 8,913 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Emerging Markets Internet & Ecommerce ETF were worth $2,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the 3rd quarter worth approximately $53,000. MML Investors Services LLC lifted its stake in shares of Emerging Markets Internet & Ecommerce ETF by 11.7% during the 3rd quarter. MML Investors Services LLC now owns 13,469 shares of the company’s stock worth $528,000 after acquiring an additional 1,414 shares during the last quarter. Opulen Financial Group LLC bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the 4th quarter worth approximately $673,000. White Knight Strategic Wealth Advisors LLC lifted its stake in shares of Emerging Markets Internet & Ecommerce ETF by 1.1% during the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 33,053 shares of the company’s stock worth $1,296,000 after acquiring an additional 344 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Emerging Markets Internet & Ecommerce ETF during the 4th quarter worth approximately $1,183,000.

Emerging Markets Internet & Ecommerce ETF Stock Performance

Shares of EMQQ stock opened at $40.39 on Thursday. Emerging Markets Internet & Ecommerce ETF has a 52-week low of $30.35 and a 52-week high of $41.67. The firm has a market capitalization of $377.65 million, a P/E ratio of 22.09 and a beta of 0.67. The stock has a 50 day moving average price of $37.41 and a 200 day moving average price of $37.24.

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.