Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Up 0.3% – Should You Buy?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price was up 0.3% on Monday . The stock traded as high as $33.36 and last traded at $33.02. Approximately 11,697 shares traded hands during trading, a decline of 65% from the average session volume of 33,357 shares. The stock had previously closed at $32.91.

Columbia Research Enhanced Emerging Economies ETF Trading Up 0.3%

The business’s fifty day moving average is $35.24 and its 200 day moving average is $31.93. The firm has a market capitalization of $323.60 million, a P/E ratio of 12.92 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. bought a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the third quarter valued at $126,458,000. Bank of America Corp DE lifted its position in shares of 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 valued at $10,867,000 after acquiring an additional 2,547 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth $6,294,000. Jane Street Group LLC boosted its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 6.0% during 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. Finally, Royal Bank of Canada grew its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after acquiring an additional 574 shares during the last quarter.

About Columbia Research Enhanced Emerging Economies ETF

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.