Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 12-Month High – Should You Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.02 and last traded at $44.00, with a volume of 202699 shares traded. The stock had previously closed at $43.27.

Columbia Research Enhanced Core ETF Trading Down 1.7%

The company has a market cap of $5.52 billion, a PE ratio of 22.01 and a beta of 0.93. The firm’s 50-day simple moving average is $42.43 and its two-hundred day simple moving average is $41.30.

Institutional Trading of Columbia Research Enhanced Core ETF

Several large investors have recently bought and sold shares of the stock. Palumbo Wealth Management LLC grew its position in Columbia Research Enhanced Core ETF by 1.2% during the 4th quarter. Palumbo Wealth Management LLC now owns 20,104 shares of the company’s stock worth $821,000 after purchasing an additional 247 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Columbia Research Enhanced Core ETF by 4.2% in the 4th quarter. Perigon Wealth Management LLC now owns 7,318 shares of the company’s stock valued at $299,000 after acquiring an additional 295 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Columbia Research Enhanced Core ETF by 2.2% in the 4th quarter. Truist Financial Corp now owns 20,203 shares of the company’s stock valued at $825,000 after acquiring an additional 433 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Columbia Research Enhanced Core ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,354 shares of the company’s stock valued at $256,000 after acquiring an additional 442 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Columbia Research Enhanced Core ETF by 130.1% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock valued at $36,000 after acquiring an additional 501 shares during 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.