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

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) reached a new 52-week high on Thursday . The company traded as high as $45.47 and last traded at $45.42, with a volume of 12124 shares trading hands. The stock had previously closed at $45.29.

Columbia Research Enhanced Core ETF Stock Up 0.2%

The firm has a market cap of $6.09 billion, a PE ratio of 22.01 and a beta of 0.92. The company’s 50 day moving average price is $43.85 and its two-hundred day moving average price is $42.11.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in 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 purchasing an additional 3,650,956 shares during the last quarter. Jane Street Group LLC grew 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 valued at $612,859,000 after buying an additional 16,624,593 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 during the last quarter. Bank of America Corp DE boosted its holdings in Columbia Research Enhanced Core ETF by 32.0% during the 3rd quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after acquiring an additional 1,417,178 shares during the period. Finally, Morgan Stanley boosted its holdings in Columbia Research Enhanced Core ETF by 32.0% during the 4th quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock valued at $213,015,000 after acquiring an additional 1,265,928 shares during the period.

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.