Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $21.98 and traded as low as $21.25. Columbia Emerging Markets Consumer ETF shares last traded at $21.30, with a volume of 5,576 shares traded.

Columbia Emerging Markets Consumer ETF Stock Up 0.0 %

The stock has a market capitalization of $62.03 million, a price-to-earnings ratio of 25.23 and a beta of 0.74. The company’s 50-day simple moving average is $21.91 and its 200 day simple moving average is $21.41.

Institutional Investors Weigh In On Columbia Emerging Markets Consumer ETF

An institutional investor recently raised its position in Columbia Emerging Markets Consumer ETF stock. HighTower Advisors LLC grew its holdings in Columbia Emerging Markets Consumer ETF (NYSEARCA:ECON) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 about 3.95% of Columbia Emerging Markets Consumer ETF worth $2,581,000 as of its most recent filing with the SEC.

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.