Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Up 0.7% – What’s Next?

Shares of Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) rose 0.7% during trading on Tuesday . The company traded as high as $24.22 and last traded at $24.19. Approximately 4,833 shares traded hands during trading, a decline of 74% from the average daily volume of 18,639 shares. The stock had previously closed at $24.03.

Columbia Research Enhanced Emerging Economies ETF Price Performance

The company has a market cap of $89.50 million, a price-to-earnings ratio of 12.92 and a beta of 0.52. The firm’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $22.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 54.3% in the first quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock valued at $1,022,000 after buying an additional 16,512 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the 1st quarter valued at $40,000. Citadel Advisors LLC purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter valued at $647,000. OLD Mission Capital LLC raised its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 288.0% in the 4th quarter. OLD Mission Capital LLC now owns 271,113 shares of the company’s stock valued at $5,625,000 after acquiring an additional 201,247 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 140.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 23,094 shares of the company’s stock valued at $479,000 after acquiring an additional 13,483 shares during the period.

Columbia Research Enhanced Emerging Economies 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.