Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sets New 52-Week High – Still a Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.04 and last traded at $43.0750, with a volume of 11688 shares trading hands. The stock had previously closed at $42.88.

Columbia EM Core ex-China ETF Stock Performance

The company has a market cap of $1.53 billion, a P/E ratio of 14.14 and a beta of 0.84. The firm has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $37.48.

Institutional Trading of Columbia EM Core ex-China ETF

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Columbia EM Core ex-China ETF by 31.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 12,973 shares of the company’s stock worth $498,000 after buying an additional 3,112 shares in the last quarter. SoundView Advisors Inc. grew its holdings in Columbia EM Core ex-China ETF by 8.6% during the fourth quarter. SoundView Advisors Inc. now owns 57,569 shares of the company’s stock valued at $2,208,000 after purchasing an additional 4,539 shares during the period. Global Retirement Partners LLC purchased a new stake in Columbia EM Core ex-China ETF in the 4th quarter worth about $33,000. HighTower Advisors LLC boosted its holdings in Columbia EM Core ex-China ETF by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 196,912 shares of the company’s stock worth $7,554,000 after buying an additional 1,128 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its stake in Columbia EM Core ex-China ETF by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,542 shares of the company’s stock worth $596,000 after purchasing an additional 2,595 shares during the period.

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.