Columbia India Consumer ETF (NYSEARCA:INCO) Trading Up 1% – Here’s Why

Columbia India Consumer ETF (NYSEARCA:INCO) shot up 1% during trading on Wednesday . The stock traded as high as $63.01 and last traded at $62.67. 298,241 shares traded hands during trading, an increase of 215% from the average session volume of 94,760 shares. The stock had previously closed at $62.05.

Columbia India Consumer ETF Trading Up 0.8 %

The firm has a fifty day moving average price of $66.27 and a 200 day moving average price of $70.67. The firm has a market cap of $275.79 million, a PE ratio of 73.79 and a beta of 0.49.

Hedge Funds Weigh In On Columbia India Consumer ETF

A number of institutional investors have recently bought and sold shares of INCO. MML Investors Services LLC raised its position in Columbia India Consumer ETF by 2.0% in the third quarter. MML Investors Services LLC now owns 8,514 shares of the company’s stock valued at $655,000 after purchasing an additional 165 shares during the period. Valley National Advisers Inc. increased its position in shares of Columbia India Consumer ETF by 78.0% during the 3rd quarter. Valley National Advisers Inc. now owns 1,018 shares of the company’s stock worth $78,000 after purchasing an additional 446 shares during the last quarter. Private Advisor Group LLC lifted its position in Columbia India Consumer ETF by 15.8% in the third quarter. Private Advisor Group LLC now owns 3,329 shares of the company’s stock valued at $256,000 after buying an additional 455 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Columbia India Consumer ETF by 21.8% during the third quarter. Great Valley Advisor Group Inc. now owns 3,944 shares of the company’s stock worth $303,000 after buying an additional 705 shares during the period. Finally, Clear Point Advisors Inc. acquired a new stake in shares of Columbia India Consumer ETF during the second quarter valued at about $62,000.

About Columbia India Consumer ETF

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.