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)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Columbia Emerging Markets Consumer ETF Stock Performance

The stock has a market cap of $61.45 million, a PE ratio of 25.23 and a beta of 0.74. The company’s 50 day simple moving average is $22.04 and its 200 day simple 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. Jane Street Group LLC grew its stake in shares of Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 61.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,376 shares of the company’s stock after acquiring an additional 25,949 shares during the period. Jane Street Group LLC owned about 2.36% of Columbia Emerging Markets Consumer ETF worth $1,542,000 at the end of the most recent reporting period.

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.