USAdvisors Wealth Management LLC Has $5.88 Million Position in Columbia Research Enhanced Core ETF $RECS

USAdvisors Wealth Management LLC trimmed its holdings in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 9.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,838 shares of the company’s stock after selling 14,612 shares during the quarter. Columbia Research Enhanced Core ETF comprises about 2.0% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 13th biggest position. USAdvisors Wealth Management LLC’s holdings in Columbia Research Enhanced Core ETF were worth $5,884,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Archer Investment Corp acquired a new position in Columbia Research Enhanced Core ETF in the third quarter valued at approximately $26,000. MAI Capital Management bought a new stake in shares of Columbia Research Enhanced Core ETF in the 3rd quarter valued at $38,000. Root Financial Partners LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the 3rd quarter valued at $39,000. Trust Co. of Vermont bought a new position in Columbia Research Enhanced Core ETF during the third quarter worth $60,000. Finally, Allworth Financial LP grew its holdings in Columbia Research Enhanced Core ETF by 38.4% in the second quarter. Allworth Financial LP now owns 1,961 shares of the company’s stock worth $72,000 after purchasing an additional 544 shares during the period.

Columbia Research Enhanced Core ETF Trading Down 0.8%

RECS opened at $40.66 on Wednesday. The company has a market cap of $4.99 billion, a P/E ratio of 22.01 and a beta of 0.95. The company has a fifty day moving average price of $41.12 and a two-hundred day moving average price of $40.53. Columbia Research Enhanced Core ETF has a 1-year low of $28.64 and a 1-year high of $41.81.

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.