Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Large Volume Increase – Time to Buy?

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) shares saw unusually-strong trading volume on Wednesday . Approximately 304,608 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 196,435 shares.The stock last traded at $29.77 and had previously closed at $29.32.

Columbia EM Core ex-China ETF Trading Up 2.9 %

The firm has a market cap of $1.10 billion, a PE ratio of 12.63 and a beta of 0.93. The stock’s 50 day moving average price is $30.03 and its 200 day moving average price is $31.28.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XCEM. Highland Financial Advisors LLC raised its holdings in shares of Columbia EM Core ex-China ETF by 3.6% during the 3rd quarter. Highland Financial Advisors LLC now owns 142,300 shares of the company’s stock valued at $4,649,000 after buying an additional 5,007 shares during the period. United Advisor Group LLC lifted its position in shares of Columbia EM Core ex-China ETF by 10.2% during the third quarter. United Advisor Group LLC now owns 30,129 shares of the company’s stock worth $984,000 after purchasing an additional 2,780 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Columbia EM Core ex-China ETF by 39.1% in the third quarter. Keudell Morrison Wealth Management now owns 117,759 shares of the company’s stock valued at $3,847,000 after purchasing an additional 33,095 shares during the period. Leavell Investment Management Inc. grew its holdings in Columbia EM Core ex-China ETF by 0.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 94,804 shares of the company’s stock valued at $3,097,000 after purchasing an additional 373 shares in the last quarter. Finally, Savvy Advisors Inc. increased its stake in Columbia EM Core ex-China ETF by 255.3% during the 3rd quarter. Savvy Advisors Inc. now owns 93,796 shares of the company’s stock worth $3,064,000 after buying an additional 67,398 shares during the period.

Columbia EM Core ex-China ETF Company Profile

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.