Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Large Volume Increase – Here’s What Happened

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares saw strong trading volume on Wednesday . Approximately 680,478 shares traded hands during trading, an increase of 219% from the previous session’s volume of 213,173 shares.The stock last traded at $52.0190 and had previously closed at $53.04.

Columbia EM Core ex-China ETF Trading Down 2.1%

The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 14.14 and a beta of 0.91. The stock’s 50 day moving average is $50.02 and its 200 day moving average is $48.36.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in Columbia EM Core ex-China ETF by 10.2% in the 1st quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock valued at $139,881,000 after purchasing an additional 318,012 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Columbia EM Core ex-China ETF by 5.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,008,740 shares of the company’s stock valued at $53,342,000 after acquiring an additional 48,898 shares in the last quarter. Planning Alternatives Ltd. ADV increased its position in Columbia EM Core ex-China ETF by 18.7% during the first quarter. Planning Alternatives Ltd. ADV now owns 385,033 shares of the company’s stock worth $15,713,000 after acquiring an additional 60,636 shares during the period. Sanctuary Advisors LLC raised its stake in Columbia EM Core ex-China ETF by 750.5% in the 1st quarter. Sanctuary Advisors LLC now owns 254,590 shares of the company’s stock worth $10,390,000 after purchasing an additional 224,655 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Columbia EM Core ex-China ETF by 494.3% in the 1st quarter. Royal Bank of Canada now owns 230,847 shares of the company’s stock valued at $9,421,000 after purchasing an additional 192,002 shares during the period.

About Columbia EM Core ex-China ETF

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.