Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 12-Month High – What’s Next?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) reached a new 52-week high during trading on Thursday . The company traded as high as $43.56 and last traded at $43.40, with a volume of 346044 shares traded. The stock had previously closed at $43.35.

Columbia Research Enhanced Core ETF Trading Up 0.1%

The company has a market capitalization of $5.56 billion, a P/E ratio of 22.01 and a beta of 0.93. The business’s 50-day simple moving average is $41.17 and its 200 day simple moving average is $41.00.

Institutional Trading of Columbia Research Enhanced Core ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RECS. Jane Street Group LLC raised its holdings 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 worth $612,859,000 after purchasing an additional 16,624,593 shares in the last quarter. LPL Financial LLC raised 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. Ameriprise Financial Inc. raised its holdings in shares of Columbia Research Enhanced Core ETF by 22.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after purchasing an additional 2,368,065 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Columbia Research Enhanced Core ETF by 202.1% in the 4th quarter. Osaic Holdings Inc. now owns 2,773,915 shares of the company’s stock worth $113,315,000 after purchasing an additional 1,855,582 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of 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 in the last quarter.

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.