Columbia India Consumer ETF (NYSEARCA:INCO) Shares Climb 1.7% – Here’s Why

Shares of Columbia India Consumer ETF (NYSEARCA:INCO) rose 1.7% on Tuesday. The stock traded as high as $59.94 and last traded at $59.69. 9,436 shares traded hands during trading, a decline of 73% from the average daily volume of 35,402 shares. The stock had previously closed at $58.69.

Columbia India Consumer ETF Price Performance

The stock has a market capitalization of $214.41 million, a price-to-earnings ratio of 39.45 and a beta of 0.47. The business has a 50 day simple moving average of $58.96 and a 200-day simple moving average of $59.63.

Institutional Investors Weigh In On Columbia India Consumer ETF

Hedge funds have recently modified their holdings of the business. Archford Capital Strategies LLC increased its stake in Columbia India Consumer ETF by 6.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,354 shares of the company’s stock worth $260,000 after purchasing an additional 268 shares in the last quarter. Parallel Advisors LLC raised its holdings in Columbia India Consumer ETF by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 2,415 shares of the company’s stock worth $133,000 after buying an additional 270 shares during the period. Sigma Planning Corp lifted its stake in Columbia India Consumer ETF by 10.2% in the first quarter. Sigma Planning Corp now owns 5,847 shares of the company’s stock valued at $321,000 after buying an additional 539 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in Columbia India Consumer ETF in the first quarter valued at approximately $66,000. Finally, Integrated Wealth Concepts LLC bought a new position in Columbia India Consumer ETF in the second quarter valued at approximately $84,000.

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.