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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.32 and last traded at $43.29, with a volume of 79587 shares. The stock had previously closed at $43.03.

Columbia Research Enhanced Core ETF Stock Up 0.6%

The stock has a market cap of $5.55 billion, a P/E ratio of 22.01 and a beta of 0.93. The stock has a fifty day simple moving average of $40.87 and a 200-day simple moving average of $40.92.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RECS. LPL Financial LLC increased its position in shares of Columbia Research Enhanced Core ETF by 26.6% during the 4th quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock worth $709,569,000 after purchasing an additional 3,650,956 shares during the last quarter. Jane Street Group LLC increased its position in Columbia Research Enhanced Core ETF by 49,303.3% during the 2nd quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock worth $612,859,000 after buying an additional 16,624,593 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Columbia Research Enhanced Core ETF by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 13,203,009 shares of the company’s stock worth $532,756,000 after buying an additional 239,164 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Columbia Research Enhanced Core ETF by 32.0% in the third quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after acquiring an additional 1,417,178 shares during the period. Finally, Morgan Stanley grew its stake in shares of Columbia Research Enhanced Core ETF by 32.0% in the fourth quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock valued at $213,015,000 after acquiring an additional 1,265,928 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.