Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Reaches New 52-Week High – Here’s Why

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $44.61 and last traded at $44.6470, with a volume of 57709 shares changing hands. The stock had previously closed at $43.87.

Columbia EM Core ex-China ETF Stock Up 2.2%

The business has a 50 day simple moving average of $40.58 and a two-hundred day simple moving average of $38.03. The firm has a market cap of $1.59 billion, a PE ratio of 14.14 and a beta of 0.84.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in Columbia EM Core ex-China ETF by 3,953.0% in the 1st quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock worth $1,348,000 after acquiring an additional 44,511 shares in the last quarter. NewEdge Advisors LLC grew its stake in Columbia EM Core ex-China ETF by 4.2% in the first quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock worth $1,203,000 after purchasing an additional 1,649 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Columbia EM Core ex-China ETF in the first quarter worth approximately $349,000. Bleakley Financial Group LLC increased its holdings in Columbia EM Core ex-China ETF by 7.9% during the 2nd quarter. Bleakley Financial Group LLC now owns 162,735 shares of the company’s stock worth $5,562,000 after purchasing an additional 11,914 shares during the period. Finally, SoundView Advisors Inc. raised its position in Columbia EM Core ex-China ETF by 0.9% during the 2nd quarter. SoundView Advisors Inc. now owns 47,542 shares of the company’s stock valued at $1,624,000 after purchasing an additional 431 shares in the last quarter.

Columbia EM Core ex-China ETF Company Profile

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.