Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 1.2% – Still a Buy?

Columbia India Consumer ETF (NYSEARCA:INCO)’s stock price shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $57.56 and last traded at $57.45. 15,636 shares traded hands during trading, a decline of 67% from the average session volume of 47,848 shares. The stock had previously closed at $56.77.

Columbia India Consumer ETF Stock Up 1.2%

The stock has a market capitalization of $229.80 million, a P/E ratio of 39.45 and a beta of 0.45. The business has a fifty day moving average price of $58.13 and a 200-day moving average price of $60.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Wealth Advisors LLC bought a new position in shares of Columbia India Consumer ETF during the first quarter valued at $66,000. Bank of America Corp DE lifted its holdings in shares of Columbia India Consumer ETF by 9.4% during the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock valued at $24,525,000 after purchasing an additional 38,464 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Columbia India Consumer ETF by 12.6% during the first quarter. Parallel Advisors LLC now owns 2,415 shares of the company’s stock valued at $133,000 after purchasing an additional 270 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Columbia India Consumer ETF by 10.2% during the first quarter. Sigma Planning Corp now owns 5,847 shares of the company’s stock valued at $321,000 after purchasing an additional 539 shares in the last quarter. Finally, Osborne Partners Capital Management LLC lifted its holdings in shares of Columbia India Consumer ETF by 14.7% during the first quarter. Osborne Partners Capital Management LLC now owns 263,029 shares of the company’s stock valued at $14,459,000 after purchasing an additional 33,678 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.