Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 1-Year High – Still a Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) reached a new 52-week high during trading on Tuesday . The company traded as high as $44.70 and last traded at $44.67, with a volume of 192880 shares trading hands. The stock had previously closed at $44.16.

Columbia Research Enhanced Core ETF Stock Performance

The company’s fifty day simple moving average is $43.64 and its two-hundred day simple moving average is $41.91. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93.

Institutional Trading of Columbia Research Enhanced Core ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in 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 worth $709,569,000 after acquiring an additional 3,650,956 shares during the period. Jane Street Group LLC grew 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 valued at $612,859,000 after purchasing an additional 16,624,593 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Columbia Research Enhanced Core ETF by 22.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after acquiring an additional 2,368,065 shares during the period. Bank of America Corp DE raised its holdings in shares of Columbia Research Enhanced Core ETF by 32.0% during the third quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after buying an additional 1,417,178 shares during the last quarter. Finally, Morgan Stanley raised its stake in Columbia Research Enhanced Core ETF by 32.0% during the 4th quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock valued at $213,015,000 after acquiring an additional 1,265,928 shares in 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.