Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.42 and traded as low as $21.17. Columbia Emerging Markets Consumer ETF shares last traded at $21.19, with a volume of 41,351 shares traded.

Columbia Emerging Markets Consumer ETF Stock Performance

The company has a market cap of $61.45 million, a price-to-earnings ratio of 25.23 and a beta of 0.74. The stock’s fifty day moving average is $22.04 and its two-hundred day moving average is $21.42.

Institutional Investors Weigh In On Columbia Emerging Markets Consumer ETF

A hedge fund recently raised its stake in Columbia Emerging Markets Consumer ETF stock. HighTower Advisors LLC increased its holdings in Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

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.