Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Shares Gap Down – Should You Sell?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) gapped down prior to trading on Thursday . The stock had previously closed at $37.90, but opened at $36.83. Columbia EM Core ex-China ETF shares last traded at $36.8450, with a volume of 6,789 shares traded.

Columbia EM Core ex-China ETF Price Performance

The company has a fifty day moving average of $37.97 and a 200-day moving average of $35.79. The firm has a market capitalization of $1.25 billion, a PE ratio of 14.14 and a beta of 0.84.

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

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. increased its holdings in Columbia EM Core ex-China ETF by 10.7% in the first quarter. Raymond James Financial Inc. now owns 872,362 shares of the company’s stock worth $25,765,000 after buying an additional 84,064 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Columbia EM Core ex-China ETF by 34.7% in the first quarter. Legacy Financial Advisors Inc. now owns 15,113 shares of the company’s stock worth $446,000 after acquiring an additional 3,893 shares in the last quarter. Partners Capital Investment Group LLP increased its stake in shares of Columbia EM Core ex-China ETF by 265.0% during the 1st quarter. Partners Capital Investment Group LLP now owns 559,637 shares of the company’s stock worth $16,529,000 after purchasing an additional 406,325 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Columbia EM Core ex-China ETF by 1.8% during the 1st quarter. Kestra Advisory Services LLC now owns 39,116 shares of the company’s stock valued at $1,155,000 after purchasing an additional 686 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Columbia EM Core ex-China ETF by 57.0% in the 1st quarter. Jane Street Group LLC now owns 484,165 shares of the company’s stock valued at $14,300,000 after purchasing an additional 175,723 shares during the last quarter.

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.