Columbia Select Technology ETF (NYSEARCA:SEMI) Trading Up 0.3% – Should You Buy?

Columbia Select Technology ETF (NYSEARCA:SEMI)’s stock price was up 0.3% during trading on Wednesday . The company traded as high as $30.99 and last traded at $30.93. Approximately 12,027 shares were traded during trading, an increase of 27% from the average daily volume of 9,460 shares. The stock had previously closed at $30.85.

Columbia Select Technology ETF Stock Performance

The firm has a market cap of $27.84 million, a PE ratio of -5.86 and a beta of 1.47. The company’s 50-day simple moving average is $31.89 and its two-hundred day simple moving average is $30.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in Columbia Select Technology ETF in the 2nd quarter worth approximately $34,000. JFG Wealth Management LLC bought a new position in shares of Columbia Select Technology ETF during the third quarter valued at approximately $213,000. Sweeney & Michel LLC purchased a new stake in Columbia Select Technology ETF in the second quarter worth $253,000. Janney Montgomery Scott LLC boosted its holdings in Columbia Select Technology ETF by 4.4% in the second quarter. Janney Montgomery Scott LLC now owns 16,305 shares of the company’s stock valued at $453,000 after acquiring an additional 688 shares in the last quarter. Finally, WealthPlan Investment Management LLC increased its position in Columbia Select Technology ETF by 42.0% during the 2nd quarter. WealthPlan Investment Management LLC now owns 186,644 shares of the company’s stock valued at $5,183,000 after purchasing an additional 55,181 shares during the period. Hedge funds and other institutional investors own 62.97% of the company’s stock.

Columbia Select Technology ETF Company Profile

The Columbia Seligman Semiconductor & Technology ETF (SEMI) is an exchange-traded fund that mostly invests in information technology equity. The fund is an actively-managed, non-transparent fund that seeks capital appreciation by investing in domestic or foreign semiconductor and technology-related companies. The fund utilizes the Fidelity non-transparent model. SEMI was launched on Mar 29, 2022 and is managed by Columbia.