Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.42 and traded as low as $21.17. Columbia Emerging Markets Consumer ETF shares last traded at $21.19, with a volume of 41,351 shares trading hands.

Columbia Emerging Markets Consumer ETF Price Performance

The stock has a market capitalization of $61.43 million, a P/E ratio of 25.23 and a beta of 0.74. The firm’s 50 day moving average price is $22.04 and its 200 day moving average price is $21.42.

Institutional Investors Weigh In On Columbia Emerging Markets Consumer ETF

An institutional investor recently raised its position in Columbia Emerging Markets Consumer ETF stock. Jane Street Group LLC lifted its holdings in shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 61.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,376 shares of the company’s stock after acquiring an additional 25,949 shares during the quarter. Jane Street Group LLC owned approximately 2.36% of Columbia Emerging Markets Consumer ETF worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

About Columbia Emerging Markets Consumer 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.