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

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) reached a new 52-week high on Thursday . The company traded as high as $41.67 and last traded at $41.6550, with a volume of 323040 shares traded. The stock had previously closed at $41.48.

Columbia Research Enhanced Core ETF Price Performance

The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The firm’s fifty day moving average is $40.59 and its 200-day moving average is $38.72.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Archer Investment Corp acquired a new position in Columbia Research Enhanced Core ETF during the 3rd quarter valued at about $26,000. MAI Capital Management acquired a new position in shares of Columbia Research Enhanced Core ETF during the third quarter valued at approximately $38,000. Root Financial Partners LLC bought a new stake in Columbia Research Enhanced Core ETF during the third quarter worth approximately $39,000. Trust Co. of Vermont bought a new stake in Columbia Research Enhanced Core ETF during the third quarter worth approximately $60,000. Finally, Allworth Financial LP lifted its position 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.

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.