Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Trading Up 0.7% – Time to Buy?

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON)’s stock price was up 0.7% during trading on Friday . The stock traded as high as $20.90 and last traded at $20.83. Approximately 7,236 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 17,194 shares. The stock had previously closed at $20.69.

Columbia Emerging Markets Consumer ETF Price Performance

The stock has a market cap of $60.41 million, a P/E ratio of 25.23 and a beta of 0.74. The company’s 50 day simple moving average is $21.11 and its 200 day simple moving average is $21.37.

Institutional Investors Weigh In On Columbia Emerging Markets Consumer ETF

A hedge fund recently raised its stake in Columbia Emerging Markets Consumer ETF stock. Jane Street Group LLC lifted its stake in shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 61.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,376 shares of the company’s stock after acquiring an additional 25,949 shares during the period. Jane Street Group LLC owned approximately 2.36% of Columbia Emerging Markets Consumer ETF worth $1,542,000 at the end of the most recent quarter.

About Columbia Emerging Markets Consumer 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.