Fortitude Financial LLC Cuts Stock Holdings in Columbia EM Core ex-China ETF $XCEM

Fortitude Financial LLC cut its stake in Columbia EM Core ex-China ETF (NYSEARCA:XCEM) by 9.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,401 shares of the company’s stock after selling 13,935 shares during the period. Columbia EM Core ex-China ETF makes up 6.4% of Fortitude Financial LLC’s holdings, making the stock its 6th largest position. Fortitude Financial LLC owned approximately 0.34% of Columbia EM Core ex-China ETF worth $7,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Columbia EM Core ex-China ETF by 10.2% in the first quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock valued at $139,881,000 after purchasing an additional 318,012 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Columbia EM Core ex-China ETF by 1.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock worth $59,192,000 after buying an additional 24,520 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Columbia EM Core ex-China ETF by 5.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,008,740 shares of the company’s stock worth $53,342,000 after buying an additional 48,898 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Columbia EM Core ex-China ETF by 4.0% during the fourth quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock worth $38,351,000 after buying an additional 38,587 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Columbia EM Core ex-China ETF by 2.2% in the 3rd quarter. Raymond James Financial Inc. now owns 875,559 shares of the company’s stock valued at $31,809,000 after buying an additional 18,759 shares during the last quarter.

Columbia EM Core ex-China ETF Stock Performance

NYSEARCA XCEM opened at $49.56 on Monday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.14 and a beta of 0.91. The stock’s 50 day moving average price is $50.42 and its two-hundred day moving average price is $46.58. Columbia EM Core ex-China ETF has a 52 week low of $33.90 and a 52 week high of $55.43.

Columbia EM Core ex-China ETF Company Profile

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.