Denver Wealth Management Inc. Has $1.13 Million Stock Holdings in Columbia Research Enhanced Core ETF $RECS

Denver Wealth Management Inc. raised its position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 23.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 30,795 shares of the company’s stock after purchasing an additional 5,869 shares during the period. Columbia Research Enhanced Core ETF makes up about 0.5% of Denver Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Denver Wealth Management Inc.’s holdings in Columbia Research Enhanced Core ETF were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RECS. Allworth Financial LP increased its position in shares of Columbia Research Enhanced Core ETF by 38.4% during the second quarter. Allworth Financial LP now owns 1,961 shares of the company’s stock valued at $72,000 after purchasing an additional 544 shares during the period. Private Trust Co. NA acquired a new stake in Columbia Research Enhanced Core ETF during the second quarter worth $128,000. Comerica Bank increased its holdings in Columbia Research Enhanced Core ETF by 327.2% in the 1st quarter. Comerica Bank now owns 6,434 shares of the company’s stock valued at $214,000 after buying an additional 4,928 shares during the period. Bison Wealth LLC bought a new stake in Columbia Research Enhanced Core ETF in the 4th quarter valued at $237,000. Finally, Harbour Investments Inc. raised its stake in shares of Columbia Research Enhanced Core ETF by 239.7% in the 1st quarter. Harbour Investments Inc. now owns 7,250 shares of the company’s stock valued at $241,000 after buying an additional 5,116 shares in the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

NYSEARCA:RECS opened at $40.95 on Friday. The company has a 50-day moving average of $40.41 and a 200-day moving average of $38.33. Columbia Research Enhanced Core ETF has a 52 week low of $28.64 and a 52 week high of $41.64. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95.

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.