Cornerstone Wealth Management LLC has recently increased its investment portfolio by acquiring a stake in the Columbia EM Core ex-China ETF (NYSEARCA: XCEM). During the third quarter, the firm purchased a total of 12,947 shares, valued at approximately $470,000, as disclosed in filings with the Securities & Exchange Commission.
This acquisition reflects a growing interest in emerging market equity investments, particularly those excluding China. Other institutional investors have also adjusted their holdings in the ETF during the same period. For instance, Ameritas Advisory Services LLC established a new position in the second quarter valued at $45,000, while Twin Peaks Wealth Advisors LLC invested $57,000 in the same timeframe.
Furthermore, EverSource Wealth Advisors LLC acquired shares worth about $129,000, and Navigoe LLC expanded its investment with a new position valued at approximately $170,000 in the third quarter. Additionally, Smithfield Trust Co increased its stake by 16.1% during the second quarter, bringing its total holdings to 6,475 shares worth $220,000 after purchasing another 900 shares.
Columbia EM Core ex-China ETF Overview
As of Tuesday, shares of the Columbia EM Core ex-China ETF opened at $42.13. The fund boasts a market capitalization of $1.48 billion, alongside 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. Its 50-day moving average stands at $39.22, while the 200-day moving average is $37.26.
The Columbia EM Core ex-China ETF is designed to provide broad equity exposure to emerging markets, intentionally excluding China. Launched on September 2, 2015, the fund is actively managed by Columbia and tracks a market-cap-weighted index.
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