Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $33.02 and traded as high as $33.15. Columbia Research Enhanced Emerging Economies ETF shares last traded at $33.12, with a volume of 21,060 shares traded.

Columbia Research Enhanced Emerging Economies ETF Stock Down 1.2%

The stock has a market capitalization of $295.39 million, a P/E ratio of 12.92 and a beta of 0.56. The stock’s 50 day moving average price is $35.00 and its 200-day moving average price is $33.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC acquired a new position in Columbia Research Enhanced Emerging Economies ETF in the second quarter valued at approximately $118,000. Integrated Wealth Concepts LLC purchased a new stake in Columbia Research Enhanced Emerging Economies ETF in the 2nd quarter worth approximately $136,000. Corient Private Wealth LP acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth approximately $204,000. Finally, Bank of America Corp DE grew its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock worth $12,989,000 after purchasing an additional 24,745 shares during the period.

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.