Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Stock Price Up 0.7% – Here’s What Happened

Shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) rose 0.7% on Friday . The company 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 Stock Up 0.7 %

The firm has a 50-day moving average of $21.11 and a two-hundred day moving average of $21.37. The stock has a market capitalization of $60.41 million, a price-to-earnings ratio of 25.23 and a beta of 0.74.

Institutional Trading of Columbia Emerging Markets Consumer ETF

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