Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Large Volume Increase – Here’s Why

Shares of Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw unusually-high trading volume on Monday. Approximately 196,289 shares changed hands during trading, a decline of 7% from the previous session’s volume of 210,256 shares. The stock last traded at $50.9210 and had previously closed at $51.45.

Columbia EM Core ex-China ETF Stock Performance

The company has a market cap of $2.11 billion, a P/E ratio of 14.14 and a beta of 0.91. The business has a 50 day moving average price of $51.12 and a two-hundred day moving average price of $49.32.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Breakwater Capital Group grew its holdings in shares of Columbia EM Core ex-China ETF by 0.5% during the 3rd quarter. Breakwater Capital Group now owns 158,266 shares of the company’s stock worth $8,136,000 after acquiring an additional 837 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Columbia EM Core ex-China ETF by 30.0% during the second quarter. Envestnet Asset Management Inc. now owns 133,395 shares of the company’s stock valued at $7,054,000 after acquiring an additional 30,800 shares in the last quarter. MCF Advisors LLC purchased a new position in Columbia EM Core ex-China ETF in the second quarter worth about $42,000. Integrated Wealth Concepts LLC purchased a new position in Columbia EM Core ex-China ETF in the 2nd quarter worth approximately $243,000. Finally, NewEdge Advisors LLC raised its stake in shares of Columbia EM Core ex-China ETF by 5.5% in the second quarter. NewEdge Advisors LLC now owns 48,481 shares of the company’s stock worth $2,564,000 after purchasing an additional 2,545 shares during the last quarter.

Columbia EM Core ex-China ETF Company Profile

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.