Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Stock Price Up 1% – Here’s Why

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON)’s share price traded up 1% during mid-day trading on Monday . The stock traded as high as $35.77 and last traded at $35.38. 7,204 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 35,900 shares. The stock had previously closed at $35.04.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

The firm’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $32.72. The company has a market capitalization of $338.10 million, a price-to-earnings ratio of 12.92 and a beta of 0.56.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECON. Kingsview Wealth Management LLC acquired a new stake in Columbia Research Enhanced Emerging Economies ETF in the 4th quarter valued at $6,294,000. Royal Bank of Canada raised its position in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the third quarter worth $126,458,000. Bank of America Corp DE lifted its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock valued at $10,867,000 after acquiring an additional 2,547 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 6.0% during the second quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock valued at $1,192,000 after acquiring an additional 2,810 shares during the period.

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.