Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 1.2% – Still a Buy?

Columbia India Consumer ETF (NYSEARCA:INCO) shot up 1.2% on Tuesday . The stock traded as high as $57.56 and last traded at $57.45. 15,636 shares changed hands during trading, a decline of 67% from the average session volume of 47,848 shares. The stock had previously closed at $56.77.

Columbia India Consumer ETF Stock Up 1.2%

The company has a market capitalization of $229.80 million, a P/E ratio of 39.45 and a beta of 0.45. The company has a 50-day moving average of $58.13 and a two-hundred day moving average of $60.94.

Institutional Investors Weigh In On Columbia India Consumer ETF

Several hedge funds have recently added to or reduced their stakes in INCO. Geneos Wealth Management Inc. boosted its holdings in Columbia India Consumer ETF by 200.0% in the first 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. boosted its holdings in Columbia India Consumer ETF by 366.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,218 shares of the company’s stock worth $79,000 after acquiring an additional 957 shares in the last quarter. Marshall Wace LLP boosted its holdings in Columbia India Consumer ETF by 20.6% in the second quarter. Marshall Wace LLP now owns 4,567 shares of the company’s stock worth $296,000 after acquiring an additional 779 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Columbia India Consumer ETF in the second quarter worth $297,000. Finally, Cibc World Market Inc. bought a new stake in Columbia India Consumer ETF in the third quarter worth $440,000.

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.