Gradient Investments LLC Has $89.93 Million Stock Position in Columbia Research Enhanced Core ETF $RECS

Gradient Investments LLC raised its position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,201,985 shares of the company’s stock after purchasing an additional 63,805 shares during the quarter. Columbia Research Enhanced Core ETF makes up approximately 1.4% of Gradient Investments LLC’s holdings, making the stock its 16th largest holding. Gradient Investments LLC’s holdings in Columbia Research Enhanced Core ETF were worth $89,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Columbia Research Enhanced Core ETF by 49,303.3% during the second quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock worth $612,859,000 after purchasing 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% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,203,009 shares of the company’s stock worth $532,756,000 after purchasing an additional 239,164 shares in the last quarter. Bank of America Corp DE grew its position in Columbia Research Enhanced Core ETF by 32.0% in the 3rd quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after purchasing an additional 1,417,178 shares during the period. Raymond James Financial Inc. increased its stake in Columbia Research Enhanced Core ETF by 27.8% during the 3rd quarter. Raymond James Financial Inc. now owns 4,049,122 shares of the company’s stock valued at $163,382,000 after purchasing an additional 881,172 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Columbia Research Enhanced Core ETF by 9.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,748,419 shares of the company’s stock valued at $110,899,000 after purchasing an additional 231,153 shares in the last quarter.

Columbia Research Enhanced Core ETF Trading Down 1.4%

RECS opened at $38.64 on Monday. Columbia Research Enhanced Core ETF has a 1-year low of $28.64 and a 1-year high of $41.81. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The company’s fifty day moving average price is $40.74 and its two-hundred day moving average price is $40.61.

Columbia Research Enhanced Core ETF 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.