Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Hits New 52-Week High – What’s Next?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $46.01 and last traded at $45.90, with a volume of 58418 shares. The stock had previously closed at $45.78.

Columbia Research Enhanced Core ETF Stock Down 0.4%

The stock’s 50-day moving average price is $45.23 and its 200 day moving average price is $43.42. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92.

Institutional Trading of Columbia Research Enhanced Core ETF

Hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its position in shares of Columbia Research Enhanced Core ETF by 7.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,440 shares of the company’s stock valued at $322,000 after purchasing an additional 523 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Columbia Research Enhanced Core ETF by 14.8% during the second quarter. Envestnet Asset Management Inc. now owns 136,770 shares of the company’s stock worth $5,919,000 after buying an additional 17,651 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Columbia Research Enhanced Core ETF by 506.7% during the second quarter. Integrated Wealth Concepts LLC now owns 39,750 shares of the company’s stock worth $1,720,000 after buying an additional 33,198 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Columbia Research Enhanced Core ETF by 135.3% during the second quarter. NewEdge Advisors LLC now owns 32,073 shares of the company’s stock worth $1,388,000 after buying an additional 18,440 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Columbia Research Enhanced Core ETF by 45,045.6% in the 2nd quarter. IFP Advisors Inc now owns 51,466 shares of the company’s stock valued at $2,227,000 after buying an additional 51,352 shares in the last quarter.

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.