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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $44.61 and last traded at $44.61, with a volume of 46620 shares changing hands. The stock had previously closed at $44.45.

Columbia Research Enhanced Core ETF Stock Down 0.2%

The business has a 50 day moving average price of $43.25 and a two-hundred day moving average price of $41.62. The stock has a market cap of $5.93 billion, a P/E ratio of 22.01 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new stake in Columbia Research Enhanced Core ETF during the 4th quarter valued at approximately $31,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Columbia Research Enhanced Core ETF by 130.1% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after buying an additional 501 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth $50,000. Flagship Harbor Advisors LLC purchased a new position in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth $59,000. Finally, Community Financial Services Group LLC bought a new position in shares of Columbia Research Enhanced Core ETF during the second quarter worth $63,000.

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.