Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Hits New 52-Week High – What’s Next?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high on Thursday . The stock traded as high as $42.99 and last traded at $42.95, with a volume of 16279 shares changing hands. The stock had previously closed at $42.73.

Columbia Research Enhanced Core ETF Stock Up 0.8%

The stock has a market cap of $5.52 billion, a P/E ratio of 22.01 and a beta of 0.93. The stock has a fifty day simple moving average of $40.58 and a 200-day simple moving average of $40.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Palumbo Wealth Management LLC increased its holdings in shares of Columbia Research Enhanced Core ETF by 1.2% in the fourth quarter. Palumbo Wealth Management LLC now owns 20,104 shares of the company’s stock worth $821,000 after acquiring an additional 247 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Columbia Research Enhanced Core ETF by 4.2% during the 4th quarter. Perigon Wealth Management LLC now owns 7,318 shares of the company’s stock valued at $299,000 after purchasing an additional 295 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Columbia Research Enhanced Core ETF by 2.2% during the 4th quarter. Truist Financial Corp now owns 20,203 shares of the company’s stock valued at $825,000 after purchasing an additional 433 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Columbia Research Enhanced Core ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,354 shares of the company’s stock valued at $256,000 after purchasing an additional 442 shares during the period. Finally, Mark Sheptoff Financial Planning LLC increased its stake in Columbia Research Enhanced Core ETF by 130.1% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after purchasing an additional 501 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.