Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Reaches New 52-Week High – Here’s Why

Shares of Columbia EM Core ex-China ETF (NYSEARCA:XCEM) reached a new 52-week high during trading on Friday . The stock traded as high as $46.65 and last traded at $46.54, with a volume of 5786 shares. The stock had previously closed at $45.51.

Columbia EM Core ex-China ETF Trading Up 2.5%

The company has a market cap of $1.68 billion, a PE ratio of 14.14 and a beta of 0.80. The company’s 50 day moving average is $42.77 and its 200 day moving average is $40.08.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Columbia EM Core ex-China ETF by 3,953.0% during the 1st quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock worth $1,348,000 after acquiring an additional 44,511 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Columbia EM Core ex-China ETF by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock worth $1,203,000 after acquiring an additional 1,649 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Columbia EM Core ex-China ETF during the 1st quarter worth about $349,000. EverSource Wealth Advisors LLC bought a new position in Columbia EM Core ex-China ETF during the 2nd quarter worth about $129,000. Finally, Qube Research & Technologies Ltd grew its holdings in Columbia EM Core ex-China ETF by 11.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,942 shares of the company’s stock worth $271,000 after acquiring an additional 785 shares in the last quarter.

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.