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

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $55.43 and last traded at $55.25, with a volume of 14357 shares traded. The stock had previously closed at $54.82.

Columbia EM Core ex-China ETF Price Performance

The firm has a market capitalization of $2.06 billion, a P/E ratio of 14.14 and a beta of 0.89. The firm’s 50 day simple moving average is $49.29 and its two-hundred day simple moving average is $43.89.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Columbia EM Core ex-China ETF by 10.2% during the 1st quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock worth $139,881,000 after acquiring an additional 318,012 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Columbia EM Core ex-China ETF by 1.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock valued at $59,192,000 after purchasing an additional 24,520 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Columbia EM Core ex-China ETF by 4.0% during the fourth quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock valued at $38,351,000 after purchasing an additional 38,587 shares during the period. Marotta Asset Management boosted its stake in shares of Columbia EM Core ex-China ETF by 2.6% during the fourth quarter. Marotta Asset Management now owns 909,165 shares of the company’s stock valued at $34,876,000 after purchasing an additional 23,256 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Columbia EM Core ex-China ETF by 2.2% in the third quarter. Raymond James Financial Inc. now owns 875,559 shares of the company’s stock worth $31,809,000 after purchasing an additional 18,759 shares during 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.