Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Strong Trading Volume – Time to Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares saw an uptick in trading volume on Tuesday . 1,182,003 shares traded hands during mid-day trading, an increase of 426% from the previous session’s volume of 224,921 shares.The stock last traded at $31.96 and had previously closed at $32.18.

Columbia EM Core ex-China ETF Price Performance

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 14.06 and a beta of 0.82. The firm has a 50 day simple moving average of $29.86 and a two-hundred day simple moving average of $30.27.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wingate Wealth Advisors Inc. acquired a new stake in shares of Columbia EM Core ex-China ETF during the fourth quarter worth $28,000. Graney & King LLC acquired a new position in Columbia EM Core ex-China ETF during the fourth quarter worth $32,000. Golden State Wealth Management LLC grew its position in Columbia EM Core ex-China ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,632 shares of the company’s stock valued at $48,000 after purchasing an additional 816 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in Columbia EM Core ex-China ETF during the 1st quarter worth about $54,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in Columbia EM Core ex-China ETF during the first quarter worth about $66,000.

About Columbia EM Core ex-China ETF

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.