Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 1-Year High – Should You Buy?

Shares of 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. The stock had previously closed at $42.73.

Columbia Research Enhanced Core ETF Stock Performance

The firm has a market capitalization of $5.47 billion, a PE ratio of 22.01 and a beta of 0.93. The company’s fifty day moving average price is $40.67 and its two-hundred day moving average price is $40.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RECS. Archer Investment Corp purchased a new position in Columbia Research Enhanced Core ETF in the third quarter valued at approximately $26,000. PNC Financial Services Group Inc. purchased a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at approximately $31,000. Mark Sheptoff Financial Planning LLC raised its holdings in 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 valued at $36,000 after buying an additional 501 shares during the period. MAI Capital Management purchased a new position in Columbia Research Enhanced Core ETF in the third quarter valued at approximately $38,000. Finally, Root Financial Partners LLC purchased a new position in Columbia Research Enhanced Core ETF in the third quarter valued at approximately $39,000.

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.