Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Hits New 52-Week High – What’s Next?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.99 and last traded at $42.95, with a volume of 16279 shares. The stock had previously closed at $42.73.

Columbia Research Enhanced Core ETF Stock Up 0.8%

The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93. The business’s fifty day moving average is $40.58 and its two-hundred day moving average is $40.85.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Several hedge funds and other institutional investors have recently made changes to their positions in RECS. LPL Financial LLC lifted its stake in shares of Columbia Research Enhanced Core ETF by 26.6% during the fourth quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock valued at $709,569,000 after acquiring an additional 3,650,956 shares during the period. Jane Street Group LLC raised its holdings in Columbia Research Enhanced Core ETF by 49,303.3% during the 2nd 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 last quarter. Ameriprise Financial Inc. lifted its position in Columbia Research Enhanced Core ETF by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,203,009 shares of the company’s stock valued at $532,756,000 after purchasing an additional 239,164 shares during the period. Bank of America Corp DE lifted its position 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 purchasing an additional 1,417,178 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Columbia Research Enhanced Core ETF by 32.0% in the 4th quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock valued at $213,015,000 after purchasing an additional 1,265,928 shares during the last quarter.

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.