Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Strong Trading Volume – Still a Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw unusually-high trading volume on Friday . Approximately 891,480 shares changed hands during trading, an increase of 31% from the previous session’s volume of 680,573 shares.The stock last traded at $40.0120 and had previously closed at $40.25.

Columbia Research Enhanced Core ETF Stock Performance

The firm’s 50-day moving average price is $40.04 and its two-hundred day moving average price is $37.48. The firm has a market cap of $4.15 billion, a PE ratio of 22.01 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Columbia Research Enhanced Core ETF by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 726,737 shares of the company’s stock valued at $29,324,000 after acquiring an additional 40,811 shares during the period. Tower Wealth Partners Inc. grew its position in Columbia Research Enhanced Core ETF by 0.5% during the 3rd quarter. Tower Wealth Partners Inc. now owns 495,402 shares of the company’s stock worth $19,989,000 after purchasing an additional 2,421 shares during the last quarter. Snider Financial Group increased its stake in Columbia Research Enhanced Core ETF by 9.3% in the third quarter. Snider Financial Group now owns 135,298 shares of the company’s stock valued at $5,459,000 after purchasing an additional 11,480 shares during the period. Mason & Associates Inc increased its stake in Columbia Research Enhanced Core ETF by 1.4% in the third quarter. Mason & Associates Inc now owns 1,043,218 shares of the company’s stock valued at $42,094,000 after purchasing an additional 13,979 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Columbia Research Enhanced Core ETF by 310.2% in the third quarter. Ameritas Advisory Services LLC now owns 290,520 shares of the company’s stock valued at $11,722,000 after buying an additional 219,700 shares during the last quarter.

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.