Sankala Group LLC Takes $2.19 Million Position in Emerging Markets Internet ETF $EMQQ

Sankala Group LLC purchased a new position in Emerging Markets Internet ETF (NYSEARCA:EMQQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,198 shares of the company’s stock, valued at approximately $2,187,000. Emerging Markets Internet ETF makes up about 1.8% of Sankala Group LLC’s holdings, making the stock its 12th largest position. Sankala Group LLC owned approximately 0.62% of Emerging Markets Internet ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMQQ. Sunbelt Securities Inc. acquired a new stake in Emerging Markets Internet ETF in the 3rd quarter valued at about $30,000. Jessup Wealth Management Inc acquired a new position in shares of Emerging Markets Internet ETF during the 4th quarter worth approximately $73,000. Farther Finance Advisors LLC boosted its holdings in shares of Emerging Markets Internet ETF by 84.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,452 shares of the company’s stock worth $99,000 after purchasing an additional 1,123 shares during the last quarter. EMC Capital Management acquired a new position in shares of Emerging Markets Internet ETF during the 3rd quarter worth approximately $242,000. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in shares of Emerging Markets Internet ETF in the fourth quarter valued at approximately $283,000.

Emerging Markets Internet ETF Stock Performance

NYSEARCA:EMQQ opened at $31.63 on Friday. Emerging Markets Internet ETF has a one year low of $30.71 and a one year high of $47.00. The stock has a 50 day moving average price of $33.20 and a 200 day moving average price of $36.40. The stock has a market cap of $257.78 million, a PE ratio of 21.93 and a beta of 0.61.

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.