Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 0.5% – Should You Buy?

Columbia India Consumer ETF (NYSEARCA:INCO) shares traded up 0.5% during trading on Tuesday . The company traded as high as $56.54 and last traded at $56.04. 68,461 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 58,990 shares. The stock had previously closed at $55.78.

Columbia India Consumer ETF Stock Up 0.5%

The company has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $63.03. The stock has a market cap of $229.76 million, a price-to-earnings ratio of 39.45 and a beta of 0.41.

Institutional Trading of Columbia India Consumer ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Columbia India Consumer ETF by 8.0% in the 4th quarter. Royal Bank of Canada now owns 2,458 shares of the company’s stock valued at $159,000 after acquiring an additional 182 shares during the period. Archford Capital Strategies LLC increased its position in Columbia India Consumer ETF by 6.9% in the 3rd quarter. Archford Capital Strategies LLC now owns 3,397 shares of the company’s stock valued at $220,000 after acquiring an additional 218 shares during the period. GPS Wealth Strategies Group LLC increased its position in Columbia India Consumer ETF by 82.1% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 497 shares of the company’s stock valued at $32,000 after acquiring an additional 224 shares during the period. Ameriprise Financial Inc. increased its position in Columbia India Consumer ETF by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,184 shares of the company’s stock valued at $788,000 after acquiring an additional 225 shares during the period. Finally, Clear Creek Financial Management LLC increased its position in Columbia India Consumer ETF by 1.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 13,447 shares of the company’s stock valued at $872,000 after acquiring an additional 234 shares during the period.

About Columbia India Consumer ETF

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.