Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Hits New 12-Month High – Still a Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $53.83 and last traded at $53.81, with a volume of 122947 shares trading hands. The stock had previously closed at $51.72.

Columbia EM Core ex-China ETF Trading Down 0.1%

The firm has a market capitalization of $1.99 billion, a P/E ratio of 14.14 and a beta of 0.89. The business has a 50-day moving average of $48.80 and a 200 day moving average of $43.65.

Institutional Trading of Columbia EM Core ex-China ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XCEM. Global Retirement Partners LLC bought a new stake in Columbia EM Core ex-China ETF during the 4th quarter worth approximately $33,000. Battery Global Advisors LLC bought a new stake in Columbia EM Core ex-China ETF during the 3rd quarter worth approximately $45,000. Allworth Financial LP increased its holdings in Columbia EM Core ex-China ETF by 76.7% during the 4th quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Columbia EM Core ex-China ETF during the 4th quarter worth approximately $98,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Columbia EM Core ex-China ETF during the 3rd quarter worth approximately $106,000.

Columbia EM Core ex-China ETF Company Profile

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.