Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Hits New 1-Year High – Still a Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $55.43 and last traded at $55.25, with a volume of 14357 shares changing hands. The stock had previously closed at $54.82.

Columbia EM Core ex-China ETF Stock Performance

The firm has a market cap of $2.06 billion, a PE ratio of 14.14 and a beta of 0.89. The company’s 50-day simple moving average is $49.29 and its two-hundred day simple moving average is $43.89.

Institutional Trading of Columbia EM Core ex-China ETF

A number of institutional investors have recently modified their holdings of XCEM. Bank of America Corp DE boosted its holdings in shares of Columbia EM Core ex-China ETF by 10.2% during the first quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock worth $139,881,000 after purchasing an additional 318,012 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Columbia EM Core ex-China ETF by 1.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock valued at $59,192,000 after purchasing an additional 24,520 shares during the period. LPL Financial LLC increased its holdings in Columbia EM Core ex-China ETF by 4.0% during the 4th quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock valued at $38,351,000 after purchasing an additional 38,587 shares during the period. Marotta Asset Management raised its position in Columbia EM Core ex-China ETF by 2.6% during the 4th quarter. Marotta Asset Management now owns 909,165 shares of the company’s stock valued at $34,876,000 after purchasing an additional 23,256 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Columbia EM Core ex-China ETF by 2.2% during the 3rd quarter. Raymond James Financial Inc. now owns 875,559 shares of the company’s stock valued at $31,809,000 after purchasing an additional 18,759 shares during the last quarter.

About Columbia EM Core ex-China ETF

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.