Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 52-Week High – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECSGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.80 and last traded at $45.8970, with a volume of 87685 shares traded. The stock had previously closed at $45.38.

Columbia Research Enhanced Core ETF Stock Up 1.0%

The business has a 50-day simple moving average of $44.47 and a two-hundred day simple moving average of $42.54. The stock has a market capitalization of $6.15 billion, a P/E ratio of 22.01 and a beta of 0.92.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RECS. PNC Financial Services Group Inc. bought a new stake in Columbia Research Enhanced Core ETF during the 4th quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC grew 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 purchasing an additional 501 shares during the last quarter. Community Financial Services Group LLC bought a new position in Columbia Research Enhanced Core ETF in the 2nd quarter valued at $63,000. Global Retirement Partners LLC raised its position in shares of Columbia Research Enhanced Core ETF by 21.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,584 shares of the company’s stock worth $146,000 after acquiring an additional 637 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Columbia Research Enhanced Core ETF by 2,277.0% during the fourth quarter. CWM LLC now owns 4,659 shares of the company’s stock valued at $190,000 after acquiring an additional 4,463 shares during the period.

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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