Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading Up 1% – Should You Buy?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price rose 1% during trading on Monday . The stock traded as high as $35.77 and last traded at $35.38. 7,204 shares changed hands during trading, a decline of 80% from the average daily volume of 35,900 shares. The stock had previously closed at $35.04.

Columbia Research Enhanced Emerging Economies ETF Trading Up 1.0%

The stock has a market capitalization of $346.72 million, a P/E ratio of 12.92 and a beta of 0.56. The business’s fifty day simple moving average is $34.83 and its two-hundred day simple moving average is $32.69.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased 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 valued at $983,000 after acquiring an additional 574 shares during the period. Bank of America Corp DE lifted its stake in 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 worth $10,867,000 after purchasing an additional 2,547 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Columbia Research Enhanced Emerging Economies ETF by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock valued at $747,000 after purchasing an additional 2,714 shares in the last quarter. Jane Street Group LLC boosted its holdings in 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 purchasing an additional 2,810 shares in the last quarter. Finally, Karnit Road Accident Victims Compensation Fund bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter valued at approximately $238,000.

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.