Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Reaches New 52-Week High – Time to Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.81 and last traded at $40.8710, with a volume of 40764 shares trading hands. The stock had previously closed at $40.22.

Columbia EM Core ex-China ETF Trading Up 1.3%

The firm has a market cap of $1.38 billion, a P/E ratio of 14.14 and a beta of 0.84. The stock’s fifty day moving average is $38.48 and its two-hundred day moving average is $36.79.

Institutional Trading of Columbia EM Core ex-China ETF

A number of large investors have recently modified their holdings of XCEM. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 1,056,911 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Columbia EM Core ex-China ETF in the 3rd quarter worth approximately $26,958,000. Penserra Capital Management LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 52.3% in the 2nd quarter. Penserra Capital Management LLC now owns 1,319,497 shares of the company’s stock worth $45,100,000 after buying an additional 453,037 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Columbia EM Core ex-China ETF by 3,662.7% during the 3rd quarter. Citadel Advisors LLC now owns 250,973 shares of the company’s stock valued at $9,118,000 after buying an additional 244,303 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Columbia EM Core ex-China ETF by 468.8% in the second quarter. Ameriprise Financial Inc. now owns 291,840 shares of the company’s stock worth $9,975,000 after acquiring an additional 240,536 shares in 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.