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

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

Columbia India Consumer ETF Stock Up 1.8%

The company has a market cap of $209.41 million, a PE ratio of 39.45 and a beta of 0.46. The company has a 50-day moving average of $60.35 and a 200-day moving average of $59.29.

Institutional Investors Weigh In On Columbia India Consumer ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Columbia India Consumer ETF by 9.4% during the 1st quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock valued at $24,525,000 after acquiring an additional 38,464 shares in the last quarter. Osborne Partners Capital Management LLC boosted its holdings 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 acquiring an additional 33,678 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Columbia India Consumer ETF by 10.2% in the 1st quarter. Sigma Planning Corp now owns 5,847 shares of the company’s stock worth $321,000 after acquiring an additional 539 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Columbia India Consumer ETF by 6.6% in the 2nd 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. Finally, Parallel Advisors LLC grew its stake in shares of Columbia India Consumer ETF by 12.6% in the 1st quarter. Parallel Advisors LLC now owns 2,415 shares of the company’s stock worth $133,000 after acquiring an additional 270 shares in the last quarter.

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.