Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Large Volume Increase – Here’s Why

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) saw an uptick in trading volume on Tuesday . 1,289,267 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 518,189 shares.The stock last traded at $35.99 and had previously closed at $36.02.

Columbia Research Enhanced Core ETF Stock Down 0.4 %

The business’s 50 day moving average is $35.38 and its 200-day moving average is $34.54. The firm has a market cap of $622.45 million, a P/E ratio of 21.72 and a beta of 0.96.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

A number of hedge funds have recently added to or reduced their stakes in RECS. Raymond James & Associates boosted its holdings in Columbia Research Enhanced Core ETF by 12.3% in the third quarter. Raymond James & Associates now owns 274,990 shares of the company’s stock worth $9,325,000 after purchasing an additional 30,105 shares during the period. Private Advisor Group LLC boosted its holdings in Columbia Research Enhanced Core ETF by 151.5% in the third quarter. Private Advisor Group LLC now owns 90,269 shares of the company’s stock worth $3,061,000 after purchasing an additional 54,373 shares during the period. Bogart Wealth LLC acquired a new position in Columbia Research Enhanced Core ETF in the third quarter worth $3,641,000. Allworth Financial LP acquired a new position in Columbia Research Enhanced Core ETF in the third quarter worth $48,000. Finally, Gladstone Institutional Advisory LLC boosted its holdings in Columbia Research Enhanced Core ETF by 24.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 465,199 shares of the company’s stock worth $15,775,000 after purchasing an additional 91,850 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.