Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Stock Price Up 0.3% – Should You Buy?

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s share price was up 0.3% during mid-day trading on Monday . The stock traded as high as $33.36 and last traded at $33.02. Approximately 11,697 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 33,357 shares. The stock had previously closed at $32.91.

Columbia Research Enhanced Emerging Economies ETF Stock Up 0.3%

The firm has a market cap of $323.60 million, a price-to-earnings ratio of 12.92 and a beta of 0.55. The stock’s 50 day moving average is $35.24 and its 200 day moving average is $31.93.

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock worth $12,989,000 after buying an additional 24,745 shares in the last quarter. Royal Bank of Canada boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after buying an additional 574 shares in the last quarter. Karnit Road Accident Victims Compensation Fund bought a new position in Columbia Research Enhanced Emerging Economies ETF during the fourth quarter valued at about $238,000. CIBC Private Wealth Group LLC grew its holdings in Columbia Research Enhanced Emerging Economies ETF by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock worth $747,000 after acquiring an additional 2,714 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth about $6,294,000.

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.