Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Stock Price Down 0.3% – Time to Sell?

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON)’s stock price was down 0.3% on Friday . The company traded as low as $22.13 and last traded at $22.20. Approximately 7,027 shares changed hands during 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 Price Performance

The stock’s fifty day simple moving average is $21.56 and its two-hundred day simple moving average is $21.57. The company has a market capitalization of $88.80 million, a price-to-earnings ratio of 13.43 and a beta of 0.49.

Institutional Trading of Columbia Emerging Markets Consumer ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its position in shares of Columbia Emerging Markets Consumer ETF by 140.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 23,094 shares of the company’s stock worth $479,000 after acquiring an additional 13,483 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Columbia Emerging Markets Consumer ETF in the fourth quarter valued at approximately $647,000. Jane Street Group LLC raised its holdings in shares of Columbia Emerging Markets Consumer ETF by 61.2% during the third quarter. Jane Street Group LLC now owns 68,376 shares of the company’s stock valued at $1,542,000 after buying an additional 25,949 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Columbia Emerging Markets Consumer ETF by 8.5% during the third quarter. HighTower Advisors LLC now owns 114,478 shares of the company’s stock worth $2,581,000 after buying an additional 8,997 shares during the period. Finally, OLD Mission Capital LLC boosted its position in shares of Columbia Emerging Markets Consumer ETF by 288.0% during the fourth quarter. OLD Mission Capital LLC now owns 271,113 shares of the company’s stock worth $5,625,000 after buying an additional 201,247 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.