JPMorgan Chase & Co. Boosts Stake in Columbia Research Enhanced Core ETF $RECS

JPMorgan Chase & Co. increased its position in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 726,737 shares of the company’s stock after purchasing an additional 40,811 shares during the period. JPMorgan Chase & Co.’s holdings in Columbia Research Enhanced Core ETF were worth $29,324,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Columbia Research Enhanced Core ETF by 38.4% in the second quarter. Allworth Financial LP now owns 1,961 shares of the company’s stock worth $72,000 after purchasing an additional 544 shares during the period. Archer Investment Corp bought a new stake in Columbia Research Enhanced Core ETF during the 3rd quarter valued at about $26,000. KPP Advisory Services LLC boosted its position in Columbia Research Enhanced Core ETF by 1.6% in the 3rd quarter. KPP Advisory Services LLC now owns 46,393 shares of the company’s stock valued at $1,872,000 after buying an additional 715 shares during the period. Root Financial Partners LLC bought a new position in Columbia Research Enhanced Core ETF in the 3rd quarter worth about $39,000. Finally, LM Advisors LLC grew its stake in Columbia Research Enhanced Core ETF by 2.6% in the 2nd quarter. LM Advisors LLC now owns 40,568 shares of the company’s stock worth $1,493,000 after acquiring an additional 1,013 shares in the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

Shares of NYSEARCA:RECS opened at $40.89 on Friday. The firm’s 50 day simple moving average is $41.13 and its 200-day simple moving average is $40.49. Columbia Research Enhanced Core ETF has a one year low of $28.64 and a one year high of $41.81. The firm has a market cap of $5.02 billion, a PE ratio of 22.01 and a beta of 0.95.

Columbia Research Enhanced Core ETF Company Profile

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.