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 traded. The stock had previously closed at $43.87.

Columbia EM Core ex-China ETF Price Performance

The firm has a fifty day moving average of $40.58 and a two-hundred day moving average of $38.03. The stock has a market capitalization of $1.59 billion, a P/E ratio of 14.14 and a beta of 0.84.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC increased its holdings in Columbia EM Core ex-China ETF by 1.1% during the fourth quarter. Sanctuary Advisors LLC now owns 29,935 shares of the company’s stock valued at $1,148,000 after buying an additional 314 shares during the period. MML Investors Services LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 5.9% in the 4th quarter. MML Investors Services LLC now owns 6,483 shares of the company’s stock valued at $249,000 after acquiring an additional 359 shares during the period. SoundView Advisors Inc. increased its holdings in shares of Columbia EM Core ex-China ETF by 0.9% in the 2nd quarter. SoundView Advisors Inc. now owns 47,542 shares of the company’s stock valued at $1,624,000 after acquiring an additional 431 shares during the period. New England Capital Financial Advisors LLC raised its position in shares of Columbia EM Core ex-China ETF by 0.4% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 105,654 shares of the company’s stock worth $3,838,000 after acquiring an additional 464 shares in the last quarter. Finally, CWC Advisors LLC. lifted its stake in shares of Columbia EM Core ex-China ETF by 1.6% during the 3rd quarter. CWC Advisors LLC. now owns 29,374 shares of the company’s stock worth $1,067,000 after purchasing an additional 476 shares during 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.