Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 52-Week High – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $44.05 and last traded at $43.99, with a volume of 517256 shares. The stock had previously closed at $43.57.

Columbia Research Enhanced Core ETF Stock Up 0.9%

The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93. The company’s 50 day moving average price is $43.07 and its 200 day moving average price is $41.53.

Institutional Trading of Columbia Research Enhanced Core ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of Columbia Research Enhanced Core ETF by 49,303.3% during the second quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock worth $612,859,000 after purchasing an additional 16,624,593 shares during the period. LPL Financial LLC increased its holdings in Columbia Research Enhanced Core ETF by 26.6% in the 4th quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock worth $709,569,000 after buying an additional 3,650,956 shares during the period. Ameriprise Financial Inc. raised its position in Columbia Research Enhanced Core ETF by 22.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after buying an additional 2,368,065 shares during the last quarter. Osaic Holdings Inc. raised its position in Columbia Research Enhanced Core ETF by 202.1% during the 4th quarter. Osaic Holdings Inc. now owns 2,773,915 shares of the company’s stock worth $113,315,000 after buying an additional 1,855,582 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Columbia Research Enhanced Core ETF by 32.0% during the 3rd quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after acquiring an additional 1,417,178 shares during the period.

About Columbia Research Enhanced Core ETF

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.