Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading Down 2% – Should You Sell?

Shares of Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) traded down 2% during mid-day trading on Friday . The stock traded as low as $29.58 and last traded at $29.71. 24,621 shares changed hands during trading, a decline of 75% from the average session volume of 99,411 shares. The stock had previously closed at $30.32.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The company has a market capitalization of $285.22 million, a PE ratio of 12.92 and a beta of 0.39. The company has a 50 day moving average price of $27.91 and a 200 day moving average price of $26.70.

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the third quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock valued at $653,000 after buying an additional 377 shares during the last quarter. Bank of America Corp DE lifted its holdings in Columbia Research Enhanced Emerging Economies ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after buying an additional 2,547 shares during the last quarter. Jane Street Group LLC grew its position in shares of Columbia Research Enhanced Emerging Economies ETF by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock worth $1,192,000 after acquiring an additional 2,810 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 67.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 23,406 shares of the company’s stock valued at $561,000 after acquiring an additional 9,442 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Columbia Research Enhanced Emerging Economies ETF by 42,278.3% during the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock valued at $258,000 after acquiring an additional 9,724 shares in the last quarter.

Columbia Research Enhanced Emerging Economies ETF Company Profile

The Columbia Emerging Markets Consumer ETF (ECON) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of 60 emerging-market companies in consumer-oriented sectors. ECON was launched on Sep 14, 2010 and is managed by Columbia.