Northwestern Mutual Wealth Management Co. Acquires 1,056,911 Shares of Columbia EM Core ex-China ETF $XCEM

Northwestern Mutual Wealth Management Co. raised its stake in Columbia EM Core ex-China ETF (NYSEARCA:XCEM) by 192.9% in the second quarter, Holdings Channel reports. The fund owned 1,604,767 shares of the company’s stock after purchasing an additional 1,056,911 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Columbia EM Core ex-China ETF were worth $54,851,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Penserra Capital Management LLC grew its holdings in shares of Columbia EM Core ex-China ETF by 52.3% during the 2nd quarter. Penserra Capital Management LLC now owns 1,319,497 shares of the company’s stock valued at $45,100,000 after purchasing an additional 453,037 shares during the last quarter. Marotta Asset Management boosted its position in Columbia EM Core ex-China ETF by 1.0% in the second quarter. Marotta Asset Management now owns 876,654 shares of the company’s stock valued at $29,964,000 after buying an additional 8,550 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Columbia EM Core ex-China ETF by 10.7% during the first quarter. Raymond James Financial Inc. now owns 872,362 shares of the company’s stock worth $25,765,000 after buying an additional 84,064 shares during the last quarter. Flaharty Asset Management LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 1.2% during the second quarter. Flaharty Asset Management LLC now owns 789,437 shares of the company’s stock worth $26,983,000 after buying an additional 9,496 shares in the last quarter. Finally, O Brien Wealth Partners LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 49.5% during the second quarter. O Brien Wealth Partners LLC now owns 747,975 shares of the company’s stock worth $25,566,000 after buying an additional 247,750 shares in the last quarter.

Columbia EM Core ex-China ETF Stock Performance

Shares of XCEM opened at $38.01 on Friday. Columbia EM Core ex-China ETF has a 52 week low of $26.44 and a 52 week high of $39.14. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.14 and a beta of 0.84. The stock has a fifty day moving average of $37.59 and a 200-day moving average of $35.24.

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.