Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Shares Down 1.4% – What’s Next?

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) shares dropped 1.4% on Friday . The company traded as low as $21.24 and last traded at $21.36. Approximately 6,895 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 11,982 shares. The stock had previously closed at $21.67.

Columbia Emerging Markets Consumer ETF Price Performance

The stock’s 50 day simple moving average is $21.23 and its two-hundred day simple moving average is $21.50. The stock has a market capitalization of $86.51 million, a PE ratio of 14.02 and a beta of 0.49.

Hedge Funds Weigh In On Columbia Emerging Markets Consumer ETF

Institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its position in Columbia Emerging Markets Consumer ETF by 140.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 23,094 shares of the company’s stock worth $479,000 after buying an additional 13,483 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Columbia Emerging Markets Consumer ETF in the 4th quarter worth about $647,000. Jane Street Group LLC raised its stake in Columbia Emerging Markets Consumer ETF by 61.2% in the 3rd quarter. Jane Street Group LLC now owns 68,376 shares of the company’s stock valued at $1,542,000 after acquiring an additional 25,949 shares during the period. HighTower Advisors LLC boosted its position in Columbia Emerging Markets Consumer ETF by 8.5% during the third quarter. HighTower Advisors LLC now owns 114,478 shares of the company’s stock worth $2,581,000 after purchasing an additional 8,997 shares during the period. Finally, OLD Mission Capital LLC boosted its position in Columbia Emerging Markets Consumer ETF by 288.0% during the fourth quarter. OLD Mission Capital LLC now owns 271,113 shares of the company’s stock worth $5,625,000 after purchasing an additional 201,247 shares during the period.

Columbia Emerging Markets Consumer ETF Company Profile

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.