Independent Financial Group LLC Invests $664,000 in Columbia EM Core ex-China ETF $XCEM

Independent Financial Group LLC bought a new stake in Columbia EM Core ex-China ETF (NYSEARCA:XCEM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,262 shares of the company’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Columbia EM Core ex-China ETF by 3,953.0% in the 1st quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock valued at $1,348,000 after acquiring an additional 44,511 shares during the period. NewEdge Advisors LLC grew its holdings in 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 worth $1,203,000 after purchasing an additional 1,649 shares during the period. Goldman Sachs Group Inc. acquired a new position in Columbia EM Core ex-China ETF during the first quarter worth approximately $349,000. EverSource Wealth Advisors LLC bought a new stake in Columbia EM Core ex-China ETF in the second quarter valued at approximately $129,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of Columbia EM Core ex-China ETF by 11.0% in 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.

Columbia EM Core ex-China ETF Trading Down 0.3%

XCEM opened at $49.07 on Thursday. The stock’s fifty day simple moving average is $50.92 and its 200 day simple moving average is $45.92. Columbia EM Core ex-China ETF has a 1-year low of $33.76 and a 1-year high of $55.43. The stock has a market cap of $1.96 billion, a PE ratio of 14.14 and a beta of 0.89.

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.