Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 12-Month High – Here’s Why

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.47 and last traded at $45.42, with a volume of 12124 shares changing hands. The stock had previously closed at $45.29.

Columbia Research Enhanced Core ETF Price Performance

The company has a market cap of $6.12 billion, a PE ratio of 22.01 and a beta of 0.92. The company’s 50 day simple moving average is $43.93 and its two-hundred day simple moving average is $42.17.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Several large investors have recently made changes to their positions in RECS. World Investment Advisors lifted its stake in Columbia Research Enhanced Core ETF by 7.9% during the fourth quarter. World Investment Advisors now owns 166,365 shares of the company’s stock worth $6,794,000 after purchasing an additional 12,189 shares in the last quarter. BlueStem Wealth Partners LLC boosted its position in shares of Columbia Research Enhanced Core ETF by 88.3% during the fourth quarter. BlueStem Wealth Partners LLC now owns 1,346,965 shares of the company’s stock worth $55,010,000 after buying an additional 631,523 shares during the period. Retirement Planning Group LLC NY grew its stake in shares of Columbia Research Enhanced Core ETF by 18.9% in the first quarter. Retirement Planning Group LLC NY now owns 145,349 shares of the company’s stock valued at $5,666,000 after buying an additional 23,094 shares in the last quarter. UBS Group AG grew its stake in shares of Columbia Research Enhanced Core ETF by 2.4% in the fourth quarter. UBS Group AG now owns 516,349 shares of the company’s stock valued at $21,088,000 after buying an additional 12,034 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of 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 valued at $709,569,000 after buying an additional 3,650,956 shares during the period.

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.