Cornerstone Wealth Management LLC has acquired a new stake in the Columbia EM Core ex-China ETF, purchasing 12,947 shares valued at approximately $470,000. This transaction occurred during the third quarter, as disclosed in the firm’s recent filing with the Securities and Exchange Commission.
In addition to Cornerstone’s investment, several other institutional investors and hedge funds have also adjusted their holdings in the Columbia EM Core ex-China ETF (NYSEARCA:XCEM). Ameritas Advisory Services LLC initiated a new position in the second quarter, investing $45,000. Similarly, Twin Peaks Wealth Advisors LLC and EverSource Wealth Advisors LLC also purchased new stakes in the same timeframe, valued at $57,000 and $129,000, respectively. Navigoe LLC further joined the trend by acquiring shares worth approximately $170,000 in the third quarter.
Another notable change came from Smithfield Trust Co, which increased its stake in the ETF by 16.1% during the second quarter. Smithfield now holds 6,475 shares, valued at $220,000, following an additional purchase of 900 shares.
Performance Metrics of Columbia EM Core ex-China ETF
As of Tuesday, shares of XCEM opened at $42.13. The ETF boasts a market capitalization of $1.48 billion, with a price-to-earnings ratio of 14.14 and a beta of 0.84. Over the past year, the ETF has experienced a low of $26.44 and a high of $42.90, reflecting significant price fluctuations. The fund’s 50-day moving average currently stands at $39.22, while the 200-day moving average is at $37.26.
Overview of the Columbia EM Core ex-China ETF
The Columbia EM Core ex-China ETF (XCEM) was launched on September 2, 2015. It primarily invests in total market equity and tracks a market-cap-weighted index, providing broad equity exposure to emerging markets while excluding China. The ETF is managed by Columbia, which focuses on delivering diverse investment opportunities to its clients.
This recent surge in institutional investment underscores growing interest in the Columbia EM Core ex-China ETF and highlights the ongoing shift towards diversified equity exposure in emerging markets. Investors and analysts alike will be keen to monitor the fund’s performance and how it adapts to changing market conditions.
