Columbia India Consumer ETF (NYSEARCA:INCO) Stock Price Up 1.7% – Should You Buy?

Columbia India Consumer ETF (NYSEARCA:INCO) rose 1.7% on Tuesday. The stock traded as high as $59.94 and last traded at $59.69. 9,436 shares were traded during mid-day trading, a decline of 73% from the average session volume of 35,402 shares. The stock had previously closed at $58.69.

Columbia India Consumer ETF Stock Performance

The company has a market capitalization of $208.91 million, a P/E ratio of 39.45 and a beta of 0.46. The business has a 50 day moving average of $59.01 and a 200-day moving average of $59.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Columbia India Consumer ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock worth $24,525,000 after buying an additional 38,464 shares in the last quarter. tru Independence LLC boosted its position in shares of Columbia India Consumer ETF by 4.5% in the third quarter. tru Independence LLC now owns 95,324 shares of the company’s stock valued at $5,536,000 after acquiring an additional 4,089 shares during the period. Sigma Planning Corp grew its stake in Columbia India Consumer ETF by 10.2% during the first quarter. Sigma Planning Corp now owns 5,847 shares of the company’s stock valued at $321,000 after acquiring an additional 539 shares in the last quarter. Parallel Advisors LLC grew its stake in Columbia India Consumer ETF by 12.6% during the first quarter. Parallel Advisors LLC now owns 2,415 shares of the company’s stock valued at $133,000 after acquiring an additional 270 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in Columbia India Consumer ETF during the first quarter valued at approximately $66,000.

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.