Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Shares Down 0.3% – Here’s Why

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON)’s share price dropped 0.3% during trading on Friday . The company traded as low as $22.13 and last traded at $22.20. Approximately 7,027 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 18,532 shares. The stock had previously closed at $22.27.

Columbia Emerging Markets Consumer ETF Stock Down 0.3 %

The stock has a market cap of $88.80 million, a P/E ratio of 13.43 and a beta of 0.49. The company has a 50-day simple moving average of $21.56 and a two-hundred day simple moving average of $21.58.

Institutional Investors Weigh In On Columbia Emerging Markets Consumer ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Columbia Emerging Markets Consumer ETF by 22,846.8% in the fourth quarter. LPL Financial LLC now owns 2,103,072 shares of the company’s stock valued at $43,634,000 after acquiring an additional 2,093,907 shares during the period. OLD Mission Capital LLC grew its stake in shares of Columbia Emerging Markets Consumer ETF by 288.0% in 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 last quarter. Citadel Advisors LLC purchased a new position in Columbia Emerging Markets Consumer ETF during the 4th quarter valued at about $647,000. Jane Street Group LLC raised its position in Columbia Emerging Markets Consumer ETF by 61.2% during the 3rd quarter. Jane Street Group LLC now owns 68,376 shares of the company’s stock valued at $1,542,000 after purchasing an additional 25,949 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Columbia Emerging Markets Consumer ETF by 140.3% in the 4th 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 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.