Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Reaches New 1-Year High – Here’s What Happened

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.81 and last traded at $40.8710, with a volume of 40764 shares. The stock had previously closed at $40.22.

Columbia EM Core ex-China ETF Stock Up 0.8%

The stock has a market capitalization of $1.40 billion, a PE ratio of 14.14 and a beta of 0.84. The firm has a 50 day moving average price of $38.58 and a 200-day moving average price of $36.84.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Columbia EM Core ex-China ETF by 3,953.0% during the first quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock worth $1,348,000 after purchasing an additional 44,511 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Columbia EM Core ex-China ETF by 4.2% in the first quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock worth $1,203,000 after buying an additional 1,649 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Columbia EM Core ex-China ETF during the 1st quarter valued at about $349,000. Pacific Sage Partners LLC grew its stake in Columbia EM Core ex-China ETF by 23.1% during the 2nd quarter. Pacific Sage Partners LLC now owns 9,093 shares of the company’s stock valued at $311,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in Columbia EM Core ex-China ETF in the 2nd quarter valued at about $219,000.

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.