Columbia India Consumer ETF (NYSEARCA:INCO) Shares Up 1% – Should You Buy?

Columbia India Consumer ETF (NYSEARCA:INCO)’s stock price traded up 1% 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 Stock Performance

The firm has a market cap of $275.75 million, a price-to-earnings ratio of 73.79 and a beta of 0.49. The company’s fifty day moving average is $66.39 and its two-hundred day moving average is $70.73.

Hedge Funds Weigh In On Columbia India Consumer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kraematon Investment Advisors Inc. boosted its stake in shares of Columbia India Consumer ETF by 8.3% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 35,117 shares of the company’s stock valued at $2,263,000 after purchasing an additional 2,698 shares during the period. Fulcrum Equity Management purchased a new stake in Columbia India Consumer ETF during the 3rd quarter worth $254,000. GG Group Ventures LLC acquired a new position in Columbia India Consumer ETF in the 3rd quarter worth $899,000. MML Investors Services LLC boosted its position in Columbia India Consumer ETF by 2.0% in the 3rd quarter. MML Investors Services LLC now owns 8,514 shares of the company’s stock valued at $655,000 after buying an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Columbia India Consumer ETF by 1,760.8% during the third quarter. Larson Financial Group LLC now owns 23,204 shares of the company’s stock valued at $1,786,000 after acquiring an additional 21,957 shares in the last quarter.

Columbia India Consumer ETF Company Profile

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.