FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Stock Price Down 0.5% – Time to Sell?

Shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) were down 0.5% during trading on Friday . The stock traded as low as $13.09 and last traded at $13.13. Approximately 9,651 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 5,638 shares. The stock had previously closed at $13.19.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The stock’s 50-day moving average is $12.85 and its 200 day moving average is $13.15. The stock has a market cap of $28.62 million, a price-to-earnings ratio of 29.24 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FMQQ. OLD Mission Capital LLC purchased a new position in shares of FMQQ The Next Frontier Internet & Ecommerce ETF during the fourth quarter valued at approximately $581,000. Capital Advisors Ltd. LLC lifted its holdings in shares of FMQQ The Next Frontier Internet & Ecommerce ETF by 3.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 113,105 shares of the company’s stock worth $1,420,000 after acquiring an additional 3,345 shares during the period. Finally, Grove Street Fiduciary LLC purchased a new position in shares of FMQQ The Next Frontier Internet & Ecommerce ETF during the 4th quarter worth about $13,364,000.

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.