Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Strong Trading Volume – Should You Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) saw unusually-high trading volume on Monday . Approximately 1,732,645 shares were traded during mid-day trading, an increase of 290% from the previous session’s volume of 444,116 shares.The stock last traded at $31.90 and had previously closed at $31.52.

Columbia Research Enhanced Core ETF Stock Performance

The firm has a market capitalization of $2.24 billion, a PE ratio of 20.89 and a beta of 0.93. The firm’s 50 day moving average price is $33.66 and its 200-day moving average price is $34.63.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Graney & King LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter valued at about $35,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Columbia Research Enhanced Core ETF in the 4th quarter valued at approximately $37,000. US Bancorp DE acquired a new stake in Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $42,000. Comerica Bank increased its position in Columbia Research Enhanced Core ETF by 47.4% in the fourth quarter. Comerica Bank now owns 1,506 shares of the company’s stock worth $52,000 after buying an additional 484 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in Columbia Research Enhanced Core ETF in the 4th quarter valued at approximately $68,000.

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.