Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Trading 0.7% Higher – Should You Buy?

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

Columbia Emerging Markets Consumer ETF Stock Performance

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

Hedge Funds Weigh In On Columbia Emerging Markets Consumer ETF

An institutional investor recently raised its position in Columbia Emerging Markets Consumer ETF stock. HighTower Advisors LLC increased its stake in shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,478 shares of the company’s stock after acquiring an additional 8,997 shares during the period. HighTower Advisors LLC owned about 3.95% of Columbia Emerging Markets Consumer ETF worth $2,581,000 as of its most recent filing with the SEC.

Columbia Emerging Markets Consumer ETF Company Profile

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.