Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 1-Year High – Still a Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.02 and last traded at $44.00, with a volume of 202699 shares trading hands. The stock had previously closed at $43.27.

Columbia Research Enhanced Core ETF Price Performance

The stock has a market cap of $5.62 billion, a PE ratio of 22.01 and a beta of 0.93. The business has a fifty day moving average of $42.25 and a 200-day moving average of $41.26.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

A number of large investors have recently bought and sold shares of RECS. Jane Street Group LLC raised 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 buying an additional 16,624,593 shares in the last quarter. LPL Financial LLC raised 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 buying an additional 3,650,956 shares in the last quarter. Ameriprise Financial Inc. raised 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 buying an additional 2,368,065 shares in the last quarter. Osaic Holdings Inc. raised 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 buying an additional 1,855,582 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Columbia Research Enhanced Core ETF by 32.0% in the third quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock worth $235,740,000 after buying an additional 1,417,178 shares in the last quarter.

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.