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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.56 and last traded at $43.40, with a volume of 346044 shares changing hands. The stock had previously closed at $43.35.

Columbia Research Enhanced Core ETF Stock Performance

The business’s 50 day simple moving average is $41.34 and its 200-day simple moving average is $41.04. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Archer Investment Corp bought a new stake in Columbia Research Enhanced Core ETF during the third quarter worth approximately $26,000. PNC Financial Services Group Inc. bought a new stake in Columbia Research Enhanced Core ETF during the fourth quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC raised its holdings in 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 worth $36,000 after purchasing an additional 501 shares in the last quarter. MAI Capital Management bought a new stake in Columbia Research Enhanced Core ETF during the third quarter worth approximately $38,000. Finally, Eagle Bay Advisors LLC bought a new stake in Columbia Research Enhanced Core ETF during the fourth quarter worth approximately $50,000.

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.