Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading 1% Higher – Still a Buy?

Shares of Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECONGet Free Report) rose 1% during mid-day trading on Monday . The stock traded as high as $35.77 and last traded at $35.38. Approximately 7,204 shares traded hands during trading, a decline of 80% from the average daily volume of 35,900 shares. The stock had previously closed at $35.04.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The firm has a market capitalization of $346.72 million, a P/E ratio of 12.92 and a beta of 0.56. The stock has a 50-day moving average of $34.83 and a 200 day moving average of $32.69.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently modified their holdings of ECON. Karnit Road Accident Victims Compensation Fund bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth $238,000. Raymond James Financial Inc. raised its position in shares of Columbia Research Enhanced Emerging Economies ETF by 42,278.3% during the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock valued at $258,000 after acquiring an additional 9,724 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the third quarter worth $653,000. CIBC Private Wealth Group LLC lifted its stake 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 valued at $747,000 after buying an additional 2,714 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after acquiring an additional 574 shares during the last quarter.

Columbia Research Enhanced Emerging Economies ETF Company Profile

(Get Free Report)

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.

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