Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 1% – Here’s What Happened

Columbia India Consumer ETF (NYSEARCA:INCO) shares shot up 1% during mid-day trading on Wednesday . The stock traded as high as $63.01 and last traded at $62.67. 298,241 shares traded hands during mid-day trading, an increase of 215% from the average session volume of 94,760 shares. The stock had previously closed at $62.05.

Columbia India Consumer ETF Price Performance

The stock has a market cap of $275.75 million, a price-to-earnings ratio of 73.79 and a beta of 0.49. The firm’s 50-day moving average is $66.39 and its 200 day moving average is $70.73.

Institutional Trading of Columbia India Consumer ETF

A number of institutional investors and hedge funds have recently made changes to their positions in INCO. Marshall Wace LLP purchased a new stake in Columbia India Consumer ETF during the second quarter valued at about $229,000. Clear Point Advisors Inc. acquired a new position in shares of Columbia India Consumer ETF in the 2nd quarter valued at about $62,000. Cetera Investment Advisers grew its holdings in shares of Columbia India Consumer ETF by 15.3% during the 2nd quarter. Cetera Investment Advisers now owns 30,398 shares of the company’s stock worth $2,125,000 after purchasing an additional 4,027 shares during the period. WealthCare Investment Partners LLC increased its position in Columbia India Consumer ETF by 94.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 38,496 shares of the company’s stock worth $2,816,000 after purchasing an additional 18,683 shares in the last quarter. Finally, Optimum Investment Advisors acquired a new stake in Columbia India Consumer ETF during the 3rd quarter worth approximately $100,000.

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.