Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 0.2% – Still a Buy?

Columbia India Consumer ETF (NYSEARCA:INCO) traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $65.28 and last traded at $65.16. 85,882 shares traded hands during mid-day trading, an increase of 74% from the average session volume of 49,368 shares. The stock had previously closed at $65.03.

Columbia India Consumer ETF Stock Performance

The firm has a market capitalization of $267.16 million, a P/E ratio of 39.45 and a beta of 0.42. The firm has a 50 day moving average price of $63.55 and a two-hundred day moving average price of $64.70.

Institutional Investors Weigh In On Columbia India Consumer ETF

Several hedge funds have recently made changes to their positions in INCO. GPS Wealth Strategies Group LLC lifted its stake in Columbia India Consumer ETF by 82.1% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 497 shares of the company’s stock worth $32,000 after acquiring an additional 224 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Columbia India Consumer ETF by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock worth $54,000 after acquiring an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Columbia India Consumer ETF by 366.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,218 shares of the company’s stock valued at $79,000 after purchasing an additional 957 shares during the last quarter. Flagship Wealth Advisors LLC boosted its holdings in shares of Columbia India Consumer ETF by 25.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 1,500 shares of the company’s stock worth $97,000 after buying an additional 300 shares during the period. Finally, Parallel Advisors LLC acquired a new position in Columbia India Consumer ETF in the 4th quarter valued at $139,000.

About Columbia India Consumer ETF

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.