Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Down 0.7% – Time to Sell?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price dropped 0.7% during trading on Friday . The stock traded as low as $28.57 and last traded at $28.57. Approximately 4,788 shares changed hands during trading, a decline of 92% from the average daily volume of 56,547 shares. The stock had previously closed at $28.77.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The stock’s fifty day simple moving average is $29.83 and its two-hundred day simple moving average is $27.88. The stock has a market capitalization of $285.70 million, a P/E ratio of 12.92 and a beta of 0.39.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ECON. Ameriprise Financial Inc. bought a new position in Columbia Research Enhanced Emerging Economies ETF during the 3rd quarter worth $126,458,000. Bank of America Corp DE increased its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 0.6% in 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. Kingsview Wealth Management LLC bought a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth about $6,294,000. Jane Street Group LLC raised 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 worth $1,192,000 after acquiring an additional 2,810 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of 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 acquiring an additional 574 shares during the period.

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.