Columbia India Consumer ETF (NYSEARCA:INCO) Stock Price Up 1.8% – Here’s Why

Columbia India Consumer ETF (NYSEARCA:INCO)’s stock price shot up 1.8% during trading on Tuesday. The company traded as high as $58.31 and last traded at $58.17. 9,987 shares were traded during mid-day trading, a decline of 73% from the average session volume of 37,350 shares. The stock had previously closed at $57.13.

Columbia India Consumer ETF Price Performance

The firm has a market capitalization of $209.41 million, a price-to-earnings ratio of 39.45 and a beta of 0.46. The business’s fifty day simple moving average is $60.35 and its 200 day simple moving average is $59.29.

Hedge Funds Weigh In On Columbia India Consumer ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Osborne Partners Capital Management LLC raised its stake in Columbia India Consumer ETF by 14.7% during the 1st quarter. Osborne Partners Capital Management LLC now owns 263,029 shares of the company’s stock worth $14,459,000 after buying an additional 33,678 shares during the period. Bank of America Corp DE boosted its holdings in Columbia India Consumer ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock worth $24,525,000 after acquiring an additional 38,464 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Columbia India Consumer ETF by 6.6% in the second quarter. Archford Capital Strategies LLC now owns 4,354 shares of the company’s stock worth $260,000 after acquiring an additional 268 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Columbia India Consumer ETF in the second quarter worth approximately $84,000. Finally, Sankala Group LLC acquired a new stake in Columbia India Consumer ETF in the fourth quarter valued at approximately $50,000.

Columbia India Consumer ETF Company Profile

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.