Gradient Investments LLC Has $104.36 Million Position in Columbia Research Enhanced Core ETF $RECS

Gradient Investments LLC boosted its stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,411,318 shares of the company’s stock after purchasing an additional 90,999 shares during the quarter. Columbia Research Enhanced Core ETF comprises 1.4% of Gradient Investments LLC’s portfolio, making the stock its 13th largest holding. Gradient Investments LLC owned approximately 1.81% of Columbia Research Enhanced Core ETF worth $104,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $31,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Columbia Research Enhanced Core ETF by 130.1% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after buying an additional 501 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth $50,000. Flagship Harbor Advisors LLC bought a new stake in shares of Columbia Research Enhanced Core ETF during the 4th quarter worth $59,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Columbia Research Enhanced Core ETF by 21.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,584 shares of the company’s stock worth $146,000 after buying an additional 637 shares during the period.

Columbia Research Enhanced Core ETF Trading Up 0.7%

NYSEARCA:RECS opened at $45.29 on Friday. Columbia Research Enhanced Core ETF has a 1 year low of $37.79 and a 1 year high of $45.32. The firm’s fifty day simple moving average is $43.77 and its 200 day simple moving average is $42.01. The firm has a market capitalization of $6.07 billion, a PE ratio of 22.01 and a beta of 0.92.

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.