Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Reaches New 52-Week High – Here’s Why

Columbia EM Core ex-China ETF (NYSEARCA:XCEM)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.65 and last traded at $46.54, with a volume of 5786 shares. The stock had previously closed at $45.51.

Columbia EM Core ex-China ETF Stock Performance

The company’s fifty day simple moving average is $42.77 and its 200-day simple moving average is $40.08. The company has a market capitalization of $1.68 billion, a P/E ratio of 14.14 and a beta of 0.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Columbia EM Core ex-China ETF by 8.2% during the 3rd quarter. Bank of America Corp DE now owns 3,049,335 shares of the company’s stock worth $110,782,000 after acquiring an additional 232,060 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Columbia EM Core ex-China ETF by 1.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock worth $59,192,000 after acquiring an additional 24,520 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Columbia EM Core ex-China ETF by 7.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,421,095 shares of the company’s stock worth $51,628,000 after acquiring an additional 101,598 shares in the last quarter. LPL Financial LLC grew its holdings in Columbia EM Core ex-China ETF by 4.0% during the 4th quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock worth $38,351,000 after acquiring an additional 38,587 shares in the last quarter. Finally, Marotta Asset Management boosted its holdings in shares of Columbia EM Core ex-China ETF by 2.6% in the 4th quarter. Marotta Asset Management now owns 909,165 shares of the company’s stock valued at $34,876,000 after buying an additional 23,256 shares in the last quarter.

About Columbia EM Core ex-China ETF

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.