Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 1-Year High – Still a Buy?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECSGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $45.80 and last traded at $45.8970, with a volume of 87685 shares. The stock had previously closed at $45.38.

Columbia Research Enhanced Core ETF Trading Up 1.0%

The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92. The stock’s 50 day moving average is $44.47 and its two-hundred day moving average is $42.54.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Several institutional investors have recently added to or reduced their stakes in RECS. PNC Financial Services Group Inc. bought a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth $31,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Columbia Research Enhanced Core ETF by 130.1% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after purchasing an additional 501 shares during the last quarter. Community Financial Services Group LLC bought a new stake in Columbia Research Enhanced Core ETF in the second quarter valued at about $63,000. Global Retirement Partners LLC increased its holdings in Columbia Research Enhanced Core ETF by 21.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,584 shares of the company’s stock valued at $146,000 after buying an additional 637 shares during the last quarter. Finally, CWM LLC raised its stake in Columbia Research Enhanced Core ETF by 2,277.0% during the fourth quarter. CWM LLC now owns 4,659 shares of the company’s stock valued at $190,000 after buying an additional 4,463 shares in the last quarter.

Columbia Research Enhanced Core ETF Company Profile

(Get Free Report)

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.

Further Reading

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