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

Columbia Research Enhanced Core ETF (NYSEARCA:RECSGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $44.70 and last traded at $44.67, with a volume of 192880 shares trading hands. The stock had previously closed at $44.16.

Columbia Research Enhanced Core ETF Stock Up 1.8%

The firm has a market capitalization of $6.03 billion, a P/E ratio of 22.01 and a beta of 0.93. The business’s 50 day moving average is $43.64 and its two-hundred day moving average is $41.91.

Institutional Trading of Columbia Research Enhanced Core ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Columbia Research Enhanced Core ETF in the 4th quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Columbia Research Enhanced Core ETF by 130.1% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock valued at $36,000 after acquiring an additional 501 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $50,000. Flagship Harbor Advisors LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $59,000. Finally, Community Financial Services Group LLC bought a new stake in Columbia Research Enhanced Core ETF during the second quarter worth approximately $63,000.

Columbia Research Enhanced Core ETF Company Profile

(Get Free Report)

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.

Further Reading

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