Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Up 1% – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price rose 1% during mid-day trading on Friday . The company traded as high as $26.95 and last traded at $26.92. Approximately 9,133 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 31,912 shares. The stock had previously closed at $26.66.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The stock’s 50-day simple moving average is $27.32 and its two-hundred day simple moving average is $25.67. The stock has a market cap of $239.59 million, a price-to-earnings ratio of 12.92 and a beta of 0.39.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECON. Raymond James Financial Inc. increased its position in Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock worth $258,000 after buying an additional 9,724 shares during the period. Flow Traders U.S. LLC boosted its position in shares of Columbia Research Enhanced Emerging Economies ETF by 67.6% in the second quarter. Flow Traders U.S. LLC now owns 23,406 shares of the company’s stock valued at $561,000 after acquiring an additional 9,442 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the third quarter worth $653,000. CIBC Private Wealth Group LLC increased its position in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the third quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after acquiring an additional 377 shares during the period. Finally, Jane Street Group LLC raised its stake in Columbia Research Enhanced Emerging Economies ETF by 54.3% during the 1st quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock valued at $1,022,000 after purchasing an additional 16,512 shares during the last quarter.

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.