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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $44.61 and last traded at $44.61, with a volume of 46620 shares changing hands. The stock had previously closed at $44.45.

Columbia Research Enhanced Core ETF Price Performance

The firm has a market capitalization of $5.93 billion, a PE ratio of 22.01 and a beta of 0.93. The business’s 50 day moving average is $43.25 and its two-hundred day moving average is $41.62.

Institutional Trading of Columbia Research Enhanced Core ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 3,650,956 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Columbia Research Enhanced Core ETF by 49,303.3% in the 2nd quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock valued at $612,859,000 after purchasing an additional 16,624,593 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Columbia Research Enhanced Core ETF by 22.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock valued at $476,940,000 after purchasing an additional 2,368,065 shares during the last quarter. Bank of America Corp DE raised its position in Columbia Research Enhanced Core ETF by 32.0% in the 3rd quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock worth $235,740,000 after purchasing an additional 1,417,178 shares during the period. Finally, Morgan Stanley raised its position in Columbia Research Enhanced Core ETF by 32.0% in the 4th quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock worth $213,015,000 after purchasing an additional 1,265,928 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.