Columbia India Consumer ETF (NYSEARCA:INCO) Shares Climb 1.8% – Here’s Why

Columbia India Consumer ETF (NYSEARCA:INCO) shares traded up 1.8% during trading on Tuesday. The stock traded as high as $58.31 and last traded at $58.17. 9,987 shares traded hands during trading, a decline of 73% from the average session volume of 37,350 shares. The stock had previously closed at $57.13.

Columbia India Consumer ETF Price Performance

The firm has a market cap of $211.50 million, a P/E ratio of 39.45 and a beta of 0.46. The business’s 50-day moving average is $60.26 and its two-hundred day moving average is $59.32.

Hedge Funds Weigh In On Columbia India Consumer ETF

A number of large investors have recently modified their holdings of INCO. Archford Capital Strategies LLC boosted its position in Columbia India Consumer ETF by 6.6% during the second quarter. Archford Capital Strategies LLC now owns 4,354 shares of the company’s stock valued at $260,000 after purchasing an additional 268 shares during the last quarter. Parallel Advisors LLC increased its position in shares of 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 purchasing an additional 270 shares during the last quarter. Sigma Planning Corp increased its stake in shares of Columbia India Consumer ETF by 10.2% during the 1st quarter. Sigma Planning Corp now owns 5,847 shares of the company’s stock worth $321,000 after purchasing an additional 539 shares during the last quarter. Sankala Group LLC bought a new position in Columbia India Consumer ETF during the fourth quarter worth $50,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Columbia India Consumer ETF during the first quarter worth approximately $66,000.

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.