Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 52-Week High – Here’s What Happened

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.00 and last traded at $45.8440, with a volume of 26258 shares traded. The stock had previously closed at $45.11.

Columbia Research Enhanced Core ETF Price Performance

The firm has a market cap of $6.14 billion, a P/E ratio of 22.01 and a beta of 0.92. The stock’s 50 day moving average is $44.94 and its two-hundred day moving average is $42.94.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Several hedge funds and other institutional investors have recently modified their holdings of RECS. Retirement Planning Group LLC NY grew its stake in Columbia Research Enhanced Core ETF by 18.9% during the first quarter. Retirement Planning Group LLC NY now owns 145,349 shares of the company’s stock worth $5,666,000 after buying an additional 23,094 shares during the last quarter. LPL Financial LLC boosted 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 worth $709,569,000 after acquiring an additional 3,650,956 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Columbia Research Enhanced Core ETF by 33.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 168,505 shares of the company’s stock worth $6,882,000 after acquiring an additional 42,133 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Columbia Research Enhanced Core ETF by 311.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 125,153 shares of the company’s stock worth $4,878,000 after acquiring an additional 94,765 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in Columbia Research Enhanced Core ETF by 10.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 417,569 shares of the company’s stock valued at $16,277,000 after purchasing an additional 38,871 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.