Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading Down 2% – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s stock price fell 2% during trading on Friday . The company traded as low as $29.58 and last traded at $29.71. 24,621 shares changed hands during trading, a decline of 75% from the average session volume of 99,411 shares. The stock had previously closed at $30.32.

Columbia Research Enhanced Emerging Economies ETF Stock Down 2.0%

The business’s 50-day simple moving average is $27.91 and its 200-day simple moving average is $26.68. The stock has a market cap of $285.22 million, a PE ratio of 12.92 and a beta of 0.39.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its holdings in Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock worth $258,000 after purchasing an additional 9,724 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of Columbia Research Enhanced Emerging Economies ETF by 67.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 23,406 shares of the company’s stock worth $561,000 after acquiring an additional 9,442 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the 3rd quarter valued at approximately $653,000. CIBC Private Wealth Group LLC grew its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the third quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after purchasing an additional 377 shares during the period. Finally, Jane Street Group LLC raised its holdings in Columbia Research Enhanced Emerging Economies ETF by 54.3% in the first quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock worth $1,022,000 after purchasing an additional 16,512 shares in the last quarter.

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.