Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Up 0.5% – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price rose 0.5% during trading on Tuesday. The company traded as high as $33.50 and last traded at $33.35. 23,603 shares were traded during mid-day trading, a decline of 25% from the average session volume of 31,577 shares. The stock had previously closed at $33.18.

Columbia Research Enhanced Emerging Economies ETF Trading Up 0.5%

The firm’s fifty day moving average price is $35.30 and its 200 day moving average price is $34.44. The stock has a market capitalization of $296.81 million, a price-to-earnings ratio of 12.92 and a beta of 0.56.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently made changes to their positions in ECON. MCF Advisors LLC acquired a new stake in Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth approximately $118,000. Integrated Wealth Concepts LLC purchased a new stake in Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth about $136,000. Corient Private Wealth LP purchased a new stake in Columbia Research Enhanced Emerging Economies ETF during the second quarter worth approximately $204,000. Finally, Bank of America Corp DE boosted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after buying an additional 24,745 shares in the last quarter.

Columbia Research Enhanced Emerging Economies ETF Company Profile

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.