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

Shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) were up 0.7% during mid-day trading on Friday . The stock traded as high as $20.90 and last traded at $20.83. Approximately 7,236 shares changed hands during 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 company’s 50-day moving average price is $21.11 and its 200-day moving average price is $21.37. The company has a market cap of $60.41 million, a P/E ratio of 25.23 and a beta of 0.74.

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 shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,478 shares of the company’s stock after purchasing an additional 8,997 shares during the quarter. HighTower Advisors LLC owned approximately 3.95% of Columbia Emerging Markets Consumer ETF worth $2,581,000 as of its most recent SEC filing.

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.