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

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

Columbia EM Core ex-China ETF Stock Up 2.2%

The stock’s 50 day moving average price is $42.84 and its 200-day moving average price is $40.18. The stock has a market capitalization of $1.67 billion, a PE ratio of 14.14 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Columbia EM Core ex-China ETF in the 4th quarter valued at $33,000. Battery Global Advisors LLC acquired a new position in Columbia EM Core ex-China ETF in the 3rd quarter valued at $45,000. Allworth Financial LP raised its stake in Columbia EM Core ex-China ETF by 76.7% in the 4th quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock valued at $86,000 after purchasing an additional 970 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Columbia EM Core ex-China ETF in the 4th quarter valued at $98,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Columbia EM Core ex-China ETF in the 3rd quarter valued at $106,000.

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.