Columbia India Consumer ETF (NYSEARCA:INCO) Trading Up 2.1% – Time to Buy?

Shares of Columbia India Consumer ETF (NYSEARCA:INCO) traded up 2.1% on Monday . The company traded as high as $60.88 and last traded at $60.58. Approximately 95,023 shares changed hands during trading, an increase of 103% from the average daily volume of 46,734 shares. The stock had previously closed at $59.36.

Columbia India Consumer ETF Stock Performance

The stock has a market cap of $231.61 million, a P/E ratio of 39.45 and a beta of 0.44. The firm has a 50-day moving average price of $58.87 and a 200-day moving average price of $59.71.

Hedge Funds Weigh In On Columbia India Consumer ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osborne Partners Capital Management LLC boosted its holdings in shares of 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 valued at $14,459,000 after buying an additional 33,678 shares in the last quarter. Quattro Advisors LLC purchased a new position in Columbia India Consumer ETF during the 4th quarter valued at about $1,646,000. Ameriprise Financial Inc. lifted its position in Columbia India Consumer ETF by 1.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,184 shares of the company’s stock valued at $788,000 after acquiring an additional 225 shares during the period. Marshall Wace LLP boosted its stake in Columbia India Consumer ETF by 20.6% during 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. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Columbia India Consumer ETF by 52.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the company’s stock worth $207,000 after acquiring an additional 1,096 shares in the last quarter.

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.