Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 1-Year High – Here’s Why

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high during trading on Friday . The stock traded as high as $36.62 and last traded at $36.59, with a volume of 50215 shares traded. The stock had previously closed at $36.45.

Columbia Research Enhanced Core ETF Price Performance

The firm’s 50-day moving average is $34.48 and its 200 day moving average is $34.35. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 21.28 and a beta of 0.99.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in shares of Columbia Research Enhanced Core ETF by 519.4% in the first quarter. Ameriprise Financial Inc. now owns 10,595,780 shares of the company’s stock worth $351,885,000 after acquiring an additional 8,885,095 shares in the last quarter. LPL Financial LLC increased its position in shares of Columbia Research Enhanced Core ETF by 11.0% in the first quarter. LPL Financial LLC now owns 8,987,115 shares of the company’s stock worth $298,462,000 after acquiring an additional 893,397 shares in the last quarter. Bank of America Corp DE increased its position in shares of Columbia Research Enhanced Core ETF by 15.9% in the fourth quarter. Bank of America Corp DE now owns 3,543,209 shares of the company’s stock worth $122,666,000 after acquiring an additional 485,031 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Columbia Research Enhanced Core ETF by 73.6% in the first quarter. Raymond James Financial Inc. now owns 2,748,138 shares of the company’s stock worth $91,266,000 after acquiring an additional 1,164,853 shares in the last quarter. Finally, Gradient Investments LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF in the first quarter worth $66,690,000.

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.