Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sets New 1-Year High – What’s Next?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares hit a new 52-week high on Wednesday . The company traded as high as $48.70 and last traded at $48.53, with a volume of 192835 shares. The stock had previously closed at $47.32.

Columbia EM Core ex-China ETF Stock Up 2.6%

The firm has a market cap of $1.82 billion, a PE ratio of 14.14 and a beta of 0.87. The stock’s fifty day simple moving average is $43.39 and its two-hundred day simple moving average is $40.89.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XCEM. Royal Bank of Canada grew its holdings in Columbia EM Core ex-China ETF by 3,953.0% in 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 during the period. NewEdge Advisors LLC grew its holdings in shares of Columbia EM Core ex-China ETF by 4.2% during the first quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock valued at $1,203,000 after buying an additional 1,649 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Columbia EM Core ex-China ETF during the first quarter valued at approximately $349,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Columbia EM Core ex-China ETF during the second quarter valued at approximately $129,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Columbia EM Core ex-China ETF by 11.0% during the second quarter. Qube Research & Technologies Ltd now owns 7,942 shares of the company’s stock valued at $271,000 after buying an additional 785 shares during the last quarter.

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.