Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 1-Year High – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.05 and last traded at $43.99, with a volume of 517256 shares changing hands. The stock had previously closed at $43.57.

Columbia Research Enhanced Core ETF Price Performance

The business’s 50 day moving average price is $43.16 and its 200 day moving average price is $41.57. The firm has a market cap of $5.93 billion, a PE ratio of 22.01 and a beta of 0.93.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC lifted its holdings in 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 purchasing an additional 501 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Columbia Research Enhanced Core ETF in the 4th quarter valued at $50,000. Flagship Harbor Advisors LLC acquired a new stake in Columbia Research Enhanced Core ETF during the 4th quarter worth $59,000. Finally, Community Financial Services Group LLC acquired a new stake in Columbia Research Enhanced Core ETF during the 2nd quarter worth $63,000.

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.