Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sets New 1-Year High – Should You Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.83 and last traded at $53.81, with a volume of 122947 shares. The stock had previously closed at $51.72.

Columbia EM Core ex-China ETF Trading Up 3.8%

The business has a fifty day moving average price of $48.07 and a 200-day moving average price of $43.32. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.14 and a beta of 0.89.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Columbia EM Core ex-China ETF in the 4th quarter valued at about $33,000. Battery Global Advisors LLC bought a new stake in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at about $45,000. Allworth Financial LP lifted its stake in shares of Columbia EM Core ex-China ETF by 76.7% in the 4th quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock valued at $86,000 after acquiring an additional 970 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Columbia EM Core ex-China ETF in the 4th quarter valued at about $98,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at about $106,000.

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.