Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Shares Up 0.5% – Here’s Why

by · The Markets Daily

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON – Get Free Report)’s stock price rose 0.5% during trading on Tuesday. The company traded as high as $33.50 and last traded at $33.35. 23,603 shares were traded during mid-day trading, a decline of 25% from the average session volume of 31,577 shares. The stock had previously closed at $33.18.

Columbia Research Enhanced Emerging Economies ETF Trading Up 0.5%

The firm’s fifty day moving average price is $35.30 and its 200 day moving average price is $34.44. The stock has a market capitalization of $296.81 million, a price-to-earnings ratio of 12.92 and a beta of 0.56.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently made changes to their positions in ECON. MCF Advisors LLC acquired a new stake in Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth approximately $118,000. Integrated Wealth Concepts LLC purchased a new stake in Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth about $136,000. Corient Private Wealth LP purchased a new stake in Columbia Research Enhanced Emerging Economies ETF during the second quarter worth approximately $204,000. Finally, Bank of America Corp DE boosted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after buying an additional 24,745 shares in the last quarter.

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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