Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Shares Down 0.3% – Here’s Why

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) shares fell 0.3% during trading on Friday . The company traded as low as $22.13 and last traded at $22.20. 7,027 shares traded hands during trading, a decline of 62% from the average session volume of 18,532 shares. The stock had previously closed at $22.27.

Columbia Emerging Markets Consumer ETF Stock Down 0.3 %

The firm has a market capitalization of $88.80 million, a P/E ratio of 13.43 and a beta of 0.49. The business’s 50 day moving average is $21.56 and its two-hundred day moving average is $21.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in Columbia Emerging Markets Consumer ETF by 22,846.8% during the fourth quarter. LPL Financial LLC now owns 2,103,072 shares of the company’s stock worth $43,634,000 after purchasing an additional 2,093,907 shares in the last quarter. OLD Mission Capital LLC increased its position in shares of Columbia Emerging Markets Consumer ETF by 288.0% during the 4th quarter. OLD Mission Capital LLC now owns 271,113 shares of the company’s stock valued at $5,625,000 after purchasing an additional 201,247 shares during the period. Citadel Advisors LLC bought a new stake in shares of Columbia Emerging Markets Consumer ETF in the 4th quarter worth $647,000. Jane Street Group LLC lifted its holdings in shares of Columbia Emerging Markets Consumer ETF by 61.2% in 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 period. Finally, CIBC Private Wealth Group LLC boosted its stake in 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 valued at $479,000 after buying an additional 13,483 shares in the last quarter.

About Columbia Emerging Markets Consumer 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.