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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares hit a new 52-week high on Thursday . The stock traded as high as $42.72 and last traded at $42.71, with a volume of 508501 shares. The stock had previously closed at $42.03.

Columbia Research Enhanced Core ETF Stock Up 0.2%

The stock’s fifty day moving average price is $40.46 and its 200-day moving average price is $40.78. The company has a market capitalization of $5.47 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scarborough Advisors LLC boosted its stake in shares of Columbia Research Enhanced Core ETF by 0.4% during the 1st quarter. Scarborough Advisors LLC now owns 538,183 shares of the company’s stock worth $20,978,000 after buying an additional 2,243 shares during the last quarter. Aire Advisors LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF in the first quarter valued at about $249,000. Sigma Planning Corp bought a new stake in Columbia Research Enhanced Core ETF during the first quarter worth about $580,000. First Growth Capital LLC raised its holdings in Columbia Research Enhanced Core ETF by 1.4% during the first quarter. First Growth Capital LLC now owns 55,684 shares of the company’s stock worth $2,186,000 after acquiring an additional 768 shares in the last quarter. Finally, ARQ Wealth Advisors LLC boosted its position in Columbia Research Enhanced Core ETF by 18.2% during the first quarter. ARQ Wealth Advisors LLC now owns 337,045 shares of the company’s stock valued at $13,138,000 after purchasing an additional 51,982 shares during the last quarter.

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.