Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Stock Price Down 0.7% – Time to Sell?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price fell 0.7% on Friday . The company traded as low as $28.57 and last traded at $28.57. 4,788 shares traded hands during trading, a decline of 92% from the average session volume of 56,547 shares. The stock had previously closed at $28.77.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The stock has a market cap of $285.70 million, a P/E ratio of 12.92 and a beta of 0.39. The firm’s fifty day simple moving average is $29.83 and its 200-day simple moving average is $27.88.

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in Columbia Research Enhanced Emerging Economies ETF by 54.3% in the first quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock valued at $1,022,000 after buying an additional 16,512 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 3rd quarter valued at about $126,458,000. Bank of America Corp DE grew its stake in Columbia Research Enhanced Emerging Economies ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after purchasing an additional 2,547 shares during the period. Royal Bank of Canada increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 11.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock worth $747,000 after purchasing an additional 2,714 shares in the last quarter.

About Columbia Research Enhanced Emerging Economies ETF

The Columbia Emerging Markets Consumer ETF (ECON) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of 60 emerging-market companies in consumer-oriented sectors. ECON was launched on Sep 14, 2010 and is managed by Columbia.