USAdvisors Wealth Management LLC Has $5.88 Million Position in Columbia Research Enhanced Core ETF $RECS

USAdvisors Wealth Management LLC cut its stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,838 shares of the company’s stock after selling 14,612 shares during the period. Columbia Research Enhanced Core ETF makes up about 2.0% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. USAdvisors Wealth Management LLC owned approximately 0.14% of Columbia Research Enhanced Core ETF worth $5,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of RECS. IAG Wealth Partners LLC raised its stake in Columbia Research Enhanced Core ETF by 2.9% in the third quarter. IAG Wealth Partners LLC now owns 305,088 shares of the company’s stock valued at $12,310,000 after purchasing an additional 8,520 shares in the last quarter. MAI Capital Management bought a new position in Columbia Research Enhanced Core ETF in the 3rd quarter valued at about $38,000. Thoroughbred Financial Services LLC increased its holdings in Columbia Research Enhanced Core ETF by 9.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 31,779 shares of the company’s stock valued at $1,282,000 after buying an additional 2,671 shares during the period. Palumbo Wealth Management LLC raised its position in shares of Columbia Research Enhanced Core ETF by 66.6% in the 3rd quarter. Palumbo Wealth Management LLC now owns 19,857 shares of the company’s stock valued at $801,000 after buying an additional 7,941 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its holdings in shares of Columbia Research Enhanced Core ETF by 57.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 29,899 shares of the company’s stock worth $1,206,000 after acquiring an additional 10,948 shares during the period.

Columbia Research Enhanced Core ETF Trading Down 0.8%

NYSEARCA RECS opened at $40.66 on Wednesday. The firm’s 50 day simple moving average is $41.12 and its 200 day simple moving average is $40.53. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. Columbia Research Enhanced Core ETF has a 1 year low of $28.64 and a 1 year high of $41.81.

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.