Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sets New 1-Year High – Still a Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares hit a new 52-week high on Thursday . The stock traded as high as $47.25 and last traded at $47.21, with a volume of 225686 shares traded. The stock had previously closed at $46.32.

Columbia EM Core ex-China ETF Stock Performance

The firm’s 50 day moving average is $43.25 and its 200-day moving average is $40.71. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.14 and a beta of 0.80.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Several large investors have recently made changes to their positions in XCEM. Global Retirement Partners LLC acquired a new position in shares of Columbia EM Core ex-China ETF in the 4th quarter valued at $33,000. Battery Global Advisors LLC acquired a new position in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at $45,000. Allworth Financial LP lifted its stake in shares of Columbia EM Core ex-China ETF by 76.7% in the 4th quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock valued at $86,000 after purchasing an additional 970 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Columbia EM Core ex-China ETF in the 4th quarter valued at $98,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at $106,000.

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.