Root Financial Partners LLC Makes New $1.77 Million Investment in Columbia Research Enhanced Core ETF $RECS

Root Financial Partners LLC purchased a new position in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the third quarter, HoldingsChannel reports. The fund purchased 39,218 shares of the company’s stock, valued at approximately $1,768,000.

Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC bought a new position in shares of Columbia Research Enhanced Core ETF during the third quarter worth approximately $109,923,000. Ameritas Advisory Services LLC raised its position in shares of Columbia Research Enhanced Core ETF by 139.8% in the second quarter. Ameritas Advisory Services LLC now owns 1,681,628 shares of the company’s stock valued at $72,781,000 after buying an additional 980,386 shares in the last quarter. Stadion Money Management LLC bought a new stake in shares of Columbia Research Enhanced Core ETF in the first quarter valued at approximately $31,639,000. Royal Bank of Canada boosted its stake in shares of Columbia Research Enhanced Core ETF by 43.0% in the first quarter. Royal Bank of Canada now owns 1,173,365 shares of the company’s stock valued at $45,738,000 after buying an additional 353,051 shares during the period. Finally, KWB Wealth boosted its stake in shares of Columbia Research Enhanced Core ETF by 30.5% in the second quarter. KWB Wealth now owns 635,710 shares of the company’s stock valued at $27,514,000 after buying an additional 148,675 shares during the period.

Columbia Research Enhanced Core ETF Price Performance

Columbia Research Enhanced Core ETF stock opened at $45.53 on Friday. The stock’s fifty day moving average price is $45.41 and its two-hundred day moving average price is $43.95. Columbia Research Enhanced Core ETF has a one year low of $37.79 and a one year high of $46.03. The firm has a market cap of $6.21 billion, a PE ratio of 22.01 and a beta of 0.92.

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.