Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sets New 1-Year High – Here’s Why

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s share price reached a new 52-week high on Monday . The company traded as high as $40.21 and last traded at $40.1870, with a volume of 26917 shares changing hands. The stock had previously closed at $39.98.

Columbia EM Core ex-China ETF Stock Up 0.7%

The firm has a 50-day simple moving average of $38.21 and a 200-day simple moving average of $36.49. The stock has a market cap of $1.32 billion, a PE ratio of 14.14 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XCEM. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Columbia EM Core ex-China ETF by 192.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,604,767 shares of the company’s stock worth $54,851,000 after buying an additional 1,056,911 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Columbia EM Core ex-China ETF during the 3rd quarter worth approximately $26,958,000. Penserra Capital Management LLC increased its holdings in Columbia EM Core ex-China ETF by 52.3% during the 2nd quarter. Penserra Capital Management LLC now owns 1,319,497 shares of the company’s stock worth $45,100,000 after acquiring an additional 453,037 shares during the period. O Brien Wealth Partners LLC lifted its stake in Columbia EM Core ex-China ETF by 49.5% in the 2nd quarter. O Brien Wealth Partners LLC now owns 747,975 shares of the company’s stock worth $25,566,000 after purchasing an additional 247,750 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Columbia EM Core ex-China ETF by 3,662.7% in the 3rd quarter. Citadel Advisors LLC now owns 250,973 shares of the company’s stock valued at $9,118,000 after purchasing an additional 244,303 shares during the period.

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.