Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading 1.4% Higher – Time to Buy?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price traded up 1.4% during mid-day trading on Friday . The stock traded as high as $31.58 and last traded at $31.56. 26,501 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 73,297 shares. The stock had previously closed at $31.12.

Columbia Research Enhanced Emerging Economies ETF Stock Up 1.4%

The company has a market capitalization of $315.60 million, a P/E ratio of 12.92 and a beta of 0.39. The company has a 50-day moving average of $28.93 and a two-hundred day moving average of $27.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in Columbia Research Enhanced Emerging Economies ETF by 1.6% during 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 period. Karnit Road Accident Victims Compensation Fund purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter valued at approximately $238,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock valued at $747,000 after purchasing an additional 2,714 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter worth approximately $6,294,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 3rd quarter worth approximately $653,000.

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.