Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading 1.4% Higher – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s share price rose 1.4% during trading on Friday . The company traded as high as $31.58 and last traded at $31.56. Approximately 26,501 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 73,297 shares. The stock had previously closed at $31.12.

Columbia Research Enhanced Emerging Economies ETF Trading Up 1.4%

The company has a 50-day moving average price of $28.93 and a two-hundred day moving average price of $27.33. The stock has a market cap of $315.60 million, a P/E ratio of 12.92 and a beta of 0.39.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

Institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after purchasing an additional 377 shares during the period. Royal Bank of Canada lifted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Columbia Research Enhanced Emerging Economies ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock valued at $10,867,000 after buying an additional 2,547 shares during the period. Jane Street Group LLC boosted its position in shares of Columbia Research Enhanced Emerging Economies ETF by 6.0% during the second quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock valued at $1,192,000 after buying an additional 2,810 shares during the period. Finally, Karnit Road Accident Victims Compensation Fund bought a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter valued at approximately $238,000.

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.