Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Unusually-High Trading Volume – What’s Next?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw unusually-strong trading volume on Monday . Approximately 1,732,645 shares traded hands during mid-day trading, an increase of 290% from the previous session’s volume of 444,116 shares.The stock last traded at $31.90 and had previously closed at $31.52.

Columbia Research Enhanced Core ETF Price Performance

The firm has a 50-day simple moving average of $33.81 and a 200 day simple moving average of $34.66. The company has a market capitalization of $2.08 billion, a PE ratio of 22.16 and a beta of 0.93.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of Columbia Research Enhanced Core ETF by 35.2% during the fourth quarter. LPL Financial LLC now owns 8,093,718 shares of the company’s stock valued at $280,205,000 after acquiring an additional 2,109,116 shares in the last quarter. Bank of America Corp DE grew its stake in Columbia Research Enhanced Core ETF by 15.9% during the 4th quarter. Bank of America Corp DE now owns 3,543,209 shares of the company’s stock valued at $122,666,000 after purchasing an additional 485,031 shares in the last quarter. Gradient Investments LLC acquired a new stake in Columbia Research Enhanced Core ETF during the 1st quarter valued at approximately $66,690,000. Raymond James Financial Inc. purchased a new stake in Columbia Research Enhanced Core ETF during the 4th quarter worth approximately $54,813,000. Finally, Amplius Wealth Advisors LLC raised its position in shares of Columbia Research Enhanced Core ETF by 11.9% in the 1st quarter. Amplius Wealth Advisors LLC now owns 1,512,538 shares of the company’s stock valued at $50,234,000 after purchasing an additional 161,292 shares in the last quarter.

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.