Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 1-Year High – Should You Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.00 and last traded at $45.8440, with a volume of 26258 shares. The stock had previously closed at $45.11.

Columbia Research Enhanced Core ETF Price Performance

The company has a market cap of $6.14 billion, a P/E ratio of 22.01 and a beta of 0.92. The firm has a fifty day moving average price of $44.94 and a 200 day moving average price of $42.94.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RECS. LPL Financial LLC raised its stake in shares of Columbia Research Enhanced Core ETF by 26.6% in the fourth quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock worth $709,569,000 after acquiring an additional 3,650,956 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Columbia Research Enhanced Core ETF by 3.9% during the second quarter. Gradient Investments LLC now owns 2,411,318 shares of the company’s stock valued at $104,362,000 after purchasing an additional 90,999 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of Columbia Research Enhanced Core ETF by 2.0% during the first quarter. Bogart Wealth LLC now owns 2,286,664 shares of the company’s stock valued at $89,134,000 after purchasing an additional 45,478 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Columbia Research Enhanced Core ETF by 139.8% in the second quarter. Ameritas Advisory Services LLC now owns 1,681,628 shares of the company’s stock valued at $72,781,000 after purchasing an additional 980,386 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Columbia Research Enhanced Core ETF by 8.7% in the first quarter. Cetera Investment Advisers now owns 1,432,489 shares of the company’s stock valued at $55,838,000 after purchasing an additional 115,257 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.