Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Climb 0.5% – What’s Next?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price traded up 0.5% during mid-day trading on Tuesday. The stock traded as high as $33.50 and last traded at $33.35. Approximately 23,603 shares changed hands 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 Price Performance

The company has a market capitalization of $288.18 million, a PE ratio of 12.92 and a beta of 0.56. The company has a 50 day moving average of $35.22 and a two-hundred day moving average of $34.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after purchasing an additional 24,745 shares during the last quarter. Corient Private Wealth LP bought a new position in Columbia Research Enhanced Emerging Economies ETF during the second quarter valued at approximately $204,000. Integrated Wealth Concepts LLC purchased a new stake in Columbia Research Enhanced Emerging Economies ETF in the second quarter worth approximately $136,000. Finally, MCF Advisors LLC purchased a new stake in Columbia Research Enhanced Emerging Economies ETF in the second quarter worth approximately $118,000.

About Columbia Research Enhanced Emerging Economies ETF

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.