Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Large Volume Increase – Here’s Why

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw an uptick in trading volume on Friday . 891,480 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 680,573 shares.The stock last traded at $40.0120 and had previously closed at $40.25.

Columbia Research Enhanced Core ETF Stock Down 0.9%

The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The company’s 50-day moving average price is $40.04 and its 200-day moving average price is $37.48.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Several large investors have recently bought and sold shares of RECS. Jane Street Group LLC increased its stake in shares of Columbia Research Enhanced Core ETF by 49,303.3% during the second quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock worth $612,859,000 after buying an additional 16,624,593 shares during the period. Ameriprise Financial Inc. grew its holdings in Columbia Research Enhanced Core ETF by 22.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after acquiring an additional 2,368,065 shares in the last quarter. LPL Financial LLC increased its position in shares of Columbia Research Enhanced Core ETF by 11.0% in the 1st quarter. LPL Financial LLC now owns 8,987,115 shares of the company’s stock valued at $298,462,000 after purchasing an additional 893,397 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Columbia Research Enhanced Core ETF by 15.3% in the 2nd quarter. Raymond James Financial Inc. now owns 3,167,950 shares of the company’s stock valued at $116,549,000 after purchasing an additional 419,812 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Columbia Research Enhanced Core ETF by 9.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,748,419 shares of the company’s stock worth $110,899,000 after purchasing an additional 231,153 shares during 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.