Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $45.41 and traded as high as $45.62. Columbia Research Enhanced Core ETF shares last traded at $45.62, with a volume of 421,606 shares changing hands.

Columbia Research Enhanced Core ETF Trading Down 1.5%

The company has a market cap of $6.12 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92. The company has a fifty day moving average price of $45.41 and a two-hundred day moving average price of $43.00.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Large investors have recently modified their holdings of the company. Gradient Investments LLC purchased a new position in shares of Columbia Research Enhanced Core ETF in the 3rd quarter worth approximately $109,923,000. Bogart Wealth LLC grew its position in shares of Columbia Research Enhanced Core ETF by 2.0% in the first quarter. Bogart Wealth LLC now owns 2,286,664 shares of the company’s stock valued at $89,134,000 after purchasing an additional 45,478 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Columbia Research Enhanced Core ETF by 139.8% during the second quarter. Ameritas Advisory Services LLC now owns 1,681,628 shares of the company’s stock valued at $72,781,000 after purchasing an additional 980,386 shares during the period. Cetera Investment Advisers boosted its stake in Columbia Research Enhanced Core ETF by 8.7% during the 1st quarter. Cetera Investment Advisers now owns 1,432,489 shares of the company’s stock valued at $55,838,000 after purchasing an additional 115,257 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Columbia Research Enhanced Core ETF by 43.0% in the first quarter. Royal Bank of Canada now owns 1,173,365 shares of the company’s stock worth $45,738,000 after purchasing an additional 353,051 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.