Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Down 1.3% – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECONGet Free Report) dropped 1.3% on Thursday . The company traded as low as $27.46 and last traded at $27.49. Approximately 2,548 shares were traded during trading, a decline of 93% from the average daily volume of 35,629 shares. The stock had previously closed at $27.86.

Columbia Research Enhanced Emerging Economies ETF Price Performance

The company has a market capitalization of $243.24 million, a price-to-earnings ratio of 12.92 and a beta of 0.39. The firm’s fifty day moving average price is $26.71 and its 200-day moving average price is $24.70.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

A number of hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in Columbia Research Enhanced Emerging Economies ETF in the 1st quarter valued at approximately $40,000. Flow Traders U.S. LLC increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 67.6% in the second quarter. Flow Traders U.S. LLC now owns 23,406 shares of the company’s stock valued at $561,000 after purchasing an additional 9,442 shares during the period. Jane Street Group LLC lifted its holdings in Columbia Research Enhanced Emerging Economies ETF by 54.3% during the 1st quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock worth $1,022,000 after buying an additional 16,512 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 0.6% in the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock valued at $10,867,000 after buying an additional 2,547 shares during the period.

Columbia Research Enhanced Emerging Economies ETF Company Profile

(Get Free Report)

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.

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