Columbia Research Enhanced Core ETF $RECS is Drake & Associates LLC’s 2nd Largest Position

Drake & Associates LLC lifted its holdings in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 8.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,006,402 shares of the company’s stock after purchasing an additional 80,366 shares during the quarter. Columbia Research Enhanced Core ETF accounts for about 8.2% of Drake & Associates LLC’s investment portfolio, making the stock its 2nd biggest holding. Drake & Associates LLC’s holdings in Columbia Research Enhanced Core ETF were worth $41,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in Columbia Research Enhanced Core ETF during the fourth quarter valued at about $31,000. Mark Sheptoff Financial Planning LLC raised its position in Columbia Research Enhanced Core ETF by 130.1% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after acquiring an additional 501 shares during the period. MAI Capital Management purchased a new position in Columbia Research Enhanced Core ETF in the third quarter valued at about $38,000. Eagle Bay Advisors LLC purchased a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at about $50,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at about $59,000.

Columbia Research Enhanced Core ETF Stock Up 0.5%

Columbia Research Enhanced Core ETF stock opened at $43.25 on Friday. The firm has a 50 day moving average price of $42.58 and a 200-day moving average price of $41.33. Columbia Research Enhanced Core ETF has a twelve month low of $35.25 and a twelve month high of $44.04. The company has a market capitalization of $5.54 billion, a P/E ratio of 22.01 and a beta of 0.93.

Columbia Research Enhanced Core ETF Profile

The Columbia Research Enhanced Core ETF (RECS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000. The index uses multifactor selection and market cap weighting. RECS was launched on Sep 25, 2019 and is managed by Columbia.