Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 52-Week High – Here’s Why

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high on Tuesday. The company traded as high as $46.01 and last traded at $45.90, with a volume of 58418 shares trading hands. The stock had previously closed at $45.78.

Columbia Research Enhanced Core ETF Stock Performance

The stock has a market cap of $6.19 billion, a P/E ratio of 22.01 and a beta of 0.92. The firm’s 50 day moving average is $45.17 and its 200 day moving average is $43.32.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in Columbia Research Enhanced Core ETF by 26.6% during the 4th quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock valued at $709,569,000 after purchasing an additional 3,650,956 shares in the last quarter. Gradient Investments LLC increased its holdings in shares of Columbia Research Enhanced Core ETF by 3.9% in 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 period. Bogart Wealth LLC raised its stake in shares of Columbia Research Enhanced Core ETF by 2.0% in the first quarter. Bogart Wealth LLC now owns 2,286,664 shares of the company’s stock worth $89,134,000 after purchasing an additional 45,478 shares during the last quarter. Ameritas Advisory Services LLC raised its stake 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 worth $72,781,000 after purchasing an additional 980,386 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Columbia Research Enhanced Core ETF by 8.7% during the first quarter. Cetera Investment Advisers now owns 1,432,489 shares of the company’s stock worth $55,838,000 after purchasing an additional 115,257 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.