Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Strong Trading Volume – Should You Buy?

Shares of Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw unusually-high trading volume on Wednesday . Approximately 680,478 shares traded hands during mid-day trading, an increase of 219% from the previous session’s volume of 213,173 shares.The stock last traded at $52.0190 and had previously closed at $53.04.

Columbia EM Core ex-China ETF Trading Down 2.1%

The stock has a market cap of $2.11 billion, a P/E ratio of 14.14 and a beta of 0.91. The stock has a 50 day simple moving average of $50.02 and a 200 day simple moving average of $48.36.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

Several institutional investors and hedge funds have recently bought and sold shares of XCEM. Bank of America Corp DE lifted its stake in Columbia EM Core ex-China ETF by 10.2% in the first quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock valued at $139,881,000 after purchasing an additional 318,012 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Columbia EM Core ex-China ETF by 750.5% in the first quarter. Sanctuary Advisors LLC now owns 254,590 shares of the company’s stock valued at $10,390,000 after buying an additional 224,655 shares during the period. Royal Bank of Canada lifted its position in shares of Columbia EM Core ex-China ETF by 494.3% during the 1st quarter. Royal Bank of Canada now owns 230,847 shares of the company’s stock valued at $9,421,000 after buying an additional 192,002 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new position in shares of Columbia EM Core ex-China ETF during the 1st quarter valued at $4,340,000. Finally, Planning Alternatives Ltd. ADV grew its stake in shares of Columbia EM Core ex-China ETF by 18.7% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 385,033 shares of the company’s stock worth $15,713,000 after acquiring an additional 60,636 shares during the period.

About Columbia EM Core ex-China ETF

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.