Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) Trading Down 1.7% – Here’s What Happened

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) dropped 1.7% during trading on Thursday . The company traded as low as $30.06 and last traded at $30.06. Approximately 1,758 shares were traded during trading, a decline of 79% from the average daily volume of 8,312 shares. The stock had previously closed at $30.58.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Stock Performance

The company’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $30.51. The firm has a market capitalization of $381.94 million, a PE ratio of 12.84 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMCR. Bank of New York Mellon Corp lifted its stake in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 30,303 shares of the company’s stock worth $864,000 after purchasing an additional 3,240 shares in the last quarter. OLD Mission Capital LLC raised its stake in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 146.5% during the fourth quarter. OLD Mission Capital LLC now owns 92,156 shares of the company’s stock valued at $2,628,000 after purchasing an additional 54,772 shares during the period. Finally, RPg Family Wealth Advisory LLC lifted its position in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 2.6% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 113,396 shares of the company’s stock worth $3,234,000 after purchasing an additional 2,848 shares in the last quarter.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Company Profile

The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of large- and mid-cap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity EMCR was launched on Dec 6, 2018 and is managed by Xtrackers.