Magnus Financial Group LLC Makes New $1.30 Million Investment in Columbia Research Enhanced Core ETF $RECS

Magnus Financial Group LLC purchased a new stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,910 shares of the company’s stock, valued at approximately $1,304,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smith Shellnut Wilson LLC ADV acquired a new stake in Columbia Research Enhanced Core ETF during the 3rd quarter worth $2,439,000. Dagco Inc. increased its stake in Columbia Research Enhanced Core ETF by 31.0% in the third quarter. Dagco Inc. now owns 235,924 shares of the company’s stock valued at $10,638,000 after purchasing an additional 55,801 shares during the period. Carroll Advisory Group LLC acquired a new position in Columbia Research Enhanced Core ETF in the third quarter valued at $364,000. R2 Capital Strategies LLC increased its stake in Columbia Research Enhanced Core ETF by 13.6% in the third quarter. R2 Capital Strategies LLC now owns 137,279 shares of the company’s stock valued at $6,190,000 after purchasing an additional 16,417 shares during the period. Finally, Community Financial Services Group LLC acquired a new position in Columbia Research Enhanced Core ETF in the third quarter valued at $65,000.

Columbia Research Enhanced Core ETF Stock Performance

Shares of NYSEARCA:RECS opened at $45.81 on Thursday. The company has a 50-day simple moving average of $45.41 and a 200-day simple moving average of $43.90. Columbia Research Enhanced Core ETF has a one year low of $37.79 and a one year high of $46.03. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92.

Columbia Research Enhanced Core ETF 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.