Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Trading 1.4% Higher – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s share price traded up 1.4% during trading on Friday . The company traded as high as $31.58 and last traded at $31.56. 26,501 shares changed hands during trading, a decline of 64% from the average session volume of 73,297 shares. The stock had previously closed at $31.12.

Columbia Research Enhanced Emerging Economies ETF Trading Up 1.4%

The firm has a market cap of $315.60 million, a P/E ratio of 12.92 and a beta of 0.39. The stock has a 50 day simple moving average of $28.93 and a 200-day simple moving average of $27.33.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several large investors have recently bought and sold shares of ECON. Karnit Road Accident Victims Compensation Fund purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter worth $238,000. Raymond James Financial Inc. lifted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock valued at $258,000 after acquiring an additional 9,724 shares during the last quarter. Flow Traders U.S. LLC grew its position 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 worth $561,000 after acquiring an additional 9,442 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the third quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after acquiring an additional 377 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Columbia Research Enhanced Emerging Economies ETF during the third quarter worth approximately $653,000.

About Columbia Research Enhanced Emerging Economies ETF

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.