First Growth Capital LLC Invests $2.27 Million in Columbia Research Enhanced Core ETF $RECS

First Growth Capital LLC acquired a new stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 54,916 shares of the company’s stock, valued at approximately $2,268,000. Columbia Research Enhanced Core ETF makes up about 2.2% of First Growth Capital LLC’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. grew its stake in Columbia Research Enhanced Core ETF by 21.5% during the 4th quarter. Raymond James Financial Inc. now owns 4,920,987 shares of the company’s stock worth $200,973,000 after purchasing an additional 871,865 shares in the last quarter. NewEdge Advisors LLC raised its position in Columbia Research Enhanced Core ETF by 48.1% in the 4th quarter. NewEdge Advisors LLC now owns 13,639 shares of the company’s stock valued at $557,000 after purchasing an additional 4,430 shares in the last quarter. Scarborough Advisors LLC boosted its stake in shares of Columbia Research Enhanced Core ETF by 1.6% in the 4th quarter. Scarborough Advisors LLC now owns 535,940 shares of the company’s stock valued at $21,888,000 after buying an additional 8,369 shares during the period. Cetera Investment Advisers grew its position in shares of Columbia Research Enhanced Core ETF by 13.0% during the fourth quarter. Cetera Investment Advisers now owns 1,317,232 shares of the company’s stock worth $53,796,000 after buying an additional 151,667 shares in the last quarter. Finally, Equitable Holdings Inc. grew its position in shares of Columbia Research Enhanced Core ETF by 17.2% during the fourth quarter. Equitable Holdings Inc. now owns 35,368 shares of the company’s stock worth $1,444,000 after buying an additional 5,195 shares in the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

RECS stock opened at $43.25 on Friday. The company’s 50 day moving average price is $42.58 and its 200 day moving average price is $41.33. Columbia Research Enhanced Core ETF has a fifty-two week low of $35.25 and a fifty-two week high of $44.04. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93.

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.