Jennison Associates LLC Purchases Shares of 97,057 Columbia India Consumer ETF (NYSEARCA:INCO)

Jennison Associates LLC acquired a new position in shares of Columbia India Consumer ETF (NYSEARCA:INCO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,057 shares of the company’s stock, valued at approximately $7,469,000.

Other hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its stake in Columbia India Consumer ETF by 504.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 525 shares during the period. Clear Point Advisors Inc. bought a new stake in Columbia India Consumer ETF during the 2nd quarter valued at $62,000. Valley National Advisers Inc. raised its holdings in Columbia India Consumer ETF by 78.0% during the third quarter. Valley National Advisers Inc. now owns 1,018 shares of the company’s stock worth $78,000 after buying an additional 446 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Columbia India Consumer ETF in the second quarter valued at $87,000. Finally, Optimum Investment Advisors acquired a new position in shares of Columbia India Consumer ETF during the third quarter valued at about $100,000.

Columbia India Consumer ETF Stock Performance

Shares of NYSEARCA INCO opened at $67.92 on Friday. The stock has a market cap of $298.85 million, a price-to-earnings ratio of 73.79 and a beta of 0.49. Columbia India Consumer ETF has a fifty-two week low of $56.05 and a fifty-two week high of $78.34. The firm’s 50-day simple moving average is $72.20 and its 200 day simple moving average is $71.13.

Columbia India Consumer ETF Profile

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.