Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Large Volume Increase – Still a Buy?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) saw unusually-high trading volume on Monday . Approximately 1,072,197 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 697,044 shares.The stock last traded at $42.12 and had previously closed at $42.03.

Columbia Research Enhanced Core ETF Price Performance

The firm has a market capitalization of $5.38 billion, a P/E ratio of 22.01 and a beta of 0.94. The firm’s 50 day simple moving average is $40.26 and its two-hundred day simple moving average is $40.67.

Institutional Trading of Columbia Research Enhanced Core ETF

Several hedge funds have recently added to or reduced their stakes in RECS. Jane Street Group LLC lifted its stake in Columbia Research Enhanced Core ETF by 49,303.3% in the second quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock worth $612,859,000 after purchasing an additional 16,624,593 shares during the last quarter. 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. Ameriprise Financial Inc. lifted its stake in Columbia Research Enhanced Core ETF by 22.3% in the second quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after purchasing an additional 2,368,065 shares during the last quarter. Bogart Wealth LLC lifted its stake in Columbia Research Enhanced Core ETF by 1,032.2% in the third quarter. Bogart Wealth LLC now owns 2,224,366 shares of the company’s stock worth $89,753,000 after purchasing an additional 2,027,908 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Columbia Research Enhanced Core ETF by 202.1% in the fourth quarter. Osaic Holdings Inc. now owns 2,773,915 shares of the company’s stock worth $113,315,000 after purchasing an additional 1,855,582 shares during 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.