Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Hits New 1-Year High – Still a Buy?

Shares of Columbia EM Core ex-China ETF (NYSEARCA:XCEM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $51.26 and last traded at $51.26, with a volume of 4015 shares traded. The stock had previously closed at $49.40.

Columbia EM Core ex-China ETF Stock Up 0.6%

The stock’s 50 day simple moving average is $45.47 and its two-hundred day simple moving average is $42.16. The company has a market cap of $1.95 billion, a PE ratio of 14.14 and a beta of 0.87.

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

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of Columbia EM Core ex-China ETF by 10.2% during the first quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock worth $139,881,000 after buying an additional 318,012 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Columbia EM Core ex-China ETF by 1.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock valued at $59,192,000 after acquiring an additional 24,520 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Columbia EM Core ex-China ETF by 7.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,421,095 shares of the company’s stock valued at $51,628,000 after acquiring an additional 101,598 shares during the last quarter. LPL Financial LLC grew its holdings in Columbia EM Core ex-China ETF by 4.0% during the 4th quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock worth $38,351,000 after acquiring an additional 38,587 shares in the last quarter. Finally, Marotta Asset Management grew its holdings in Columbia EM Core ex-China ETF by 2.6% during the 4th quarter. Marotta Asset Management now owns 909,165 shares of the company’s stock worth $34,876,000 after acquiring an additional 23,256 shares in 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.