Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 0.5% – Should You Buy?

Columbia India Consumer ETF (NYSEARCA:INCO) rose 0.5% during mid-day trading on Tuesday . The company traded as high as $56.54 and last traded at $56.04. Approximately 68,461 shares changed hands during trading, an increase of 16% from the average daily volume of 58,990 shares. The stock had previously closed at $55.78.

Columbia India Consumer ETF Stock Performance

The business has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $63.03. The stock has a market capitalization of $229.76 million, a P/E ratio of 39.45 and a beta of 0.41.

Hedge Funds Weigh In On Columbia India Consumer ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in Columbia India Consumer ETF by 453.4% during the 2nd quarter. Osaic Holdings Inc. now owns 24,598 shares of the company’s stock valued at $1,596,000 after purchasing an additional 20,153 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of Columbia India Consumer ETF by 678.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 35,670 shares of the company’s stock worth $2,307,000 after acquiring an additional 31,085 shares in the last quarter. tru Independence LLC boosted its stake in shares of Columbia India Consumer ETF by 12.7% during the 4th quarter. tru Independence LLC now owns 70,265 shares of the company’s stock worth $4,554,000 after acquiring an additional 7,900 shares in the last quarter. Kraematon Investment Advisors Inc. boosted its stake in shares of Columbia India Consumer ETF by 0.8% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 33,119 shares of the company’s stock worth $2,146,000 after acquiring an additional 253 shares in the last quarter. Finally, Miller Global Investments LLC bought a new stake in shares of Columbia India Consumer ETF during the 4th quarter worth $267,000.

About Columbia India Consumer ETF

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.