Raymond James Financial Inc. Acquires Shares of 21,190 Global X Emerging Markets ETF (NYSEARCA:EMM)

Raymond James Financial Inc. acquired a new position in shares of Global X Emerging Markets ETF (NYSEARCA:EMM) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 21,190 shares of the company’s stock, valued at approximately $562,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMM. Private Advisor Group LLC lifted its stake in shares of Global X Emerging Markets ETF by 0.5% in the 4th quarter. Private Advisor Group LLC now owns 188,332 shares of the company’s stock valued at $4,999,000 after purchasing an additional 965 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Global X Emerging Markets ETF in the 4th quarter worth approximately $266,000. Finally, Trilogy Capital Inc. lifted its holdings in shares of Global X Emerging Markets ETF by 6.2% in the 4th quarter. Trilogy Capital Inc. now owns 139,082 shares of the company’s stock worth $3,692,000 after acquiring an additional 8,125 shares during the last quarter.

Global X Emerging Markets ETF Stock Down 1.5 %

EMM opened at $23.36 on Tuesday. Global X Emerging Markets ETF has a 52 week low of $22.98 and a 52 week high of $29.94. The business has a fifty day simple moving average of $26.01 and a 200-day simple moving average of $27.08. The firm has a market cap of $15.43 million, a P/E ratio of 20.03 and a beta of 0.96.

About Global X Emerging Markets ETF

The Global X Emerging Markets ETF (EMM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets. EMM was launched on Sep 24, 2010 and is managed by Global X.