Ameriprise Financial Inc. Has $59.22 Million Stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

Ameriprise Financial Inc. lowered its stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710,685 shares of the company’s stock after selling 82,641 shares during the quarter. Ameriprise Financial Inc. owned about 9.89% of Columbia Research Enhanced Core ETF worth $59,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in shares of Columbia Research Enhanced Core ETF by 35.2% during the 4th quarter. LPL Financial LLC now owns 8,093,718 shares of the company’s stock worth $280,205,000 after purchasing an additional 2,109,116 shares in the last quarter. Dana Investment Advisors Inc. acquired a new stake in Columbia Research Enhanced Core ETF during the fourth quarter worth about $379,000. Steward Partners Investment Advisory LLC increased its holdings in Columbia Research Enhanced Core ETF by 681.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,827 shares of the company’s stock valued at $513,000 after buying an additional 12,930 shares during the period. US Bancorp DE acquired a new position in shares of Columbia Research Enhanced Core ETF in the 4th quarter valued at approximately $42,000. Finally, Graney & King LLC bought a new stake in shares of Columbia Research Enhanced Core ETF during the 4th quarter worth approximately $35,000.

Columbia Research Enhanced Core ETF Price Performance

Shares of NYSEARCA:RECS opened at $33.33 on Friday. Columbia Research Enhanced Core ETF has a 1 year low of $28.64 and a 1 year high of $36.60. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 22.05 and a beta of 0.92. The company’s 50 day simple moving average is $32.55 and its 200 day simple moving average is $34.39.

Columbia Research Enhanced Core ETF Company 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.