Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 12-Month High – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $45.47 and last traded at $45.42, with a volume of 12124 shares traded. The stock had previously closed at $45.29.

Columbia Research Enhanced Core ETF Stock Up 0.2%

The stock has a market capitalization of $6.09 billion, a PE ratio of 22.01 and a beta of 0.92. The stock’s 50 day moving average price is $43.85 and its 200-day moving average price is $42.11.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position in Columbia Research Enhanced Core ETF by 26.6% in the 4th quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock valued at $709,569,000 after buying an additional 3,650,956 shares during the period. Jane Street Group LLC increased 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 acquiring an additional 16,624,593 shares during the period. Ameriprise Financial Inc. increased its position in shares of Columbia Research Enhanced Core ETF by 22.3% during the second quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock worth $476,940,000 after acquiring an additional 2,368,065 shares during the period. Bank of America Corp DE increased its position in shares of Columbia Research Enhanced Core ETF by 32.0% during the third quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock worth $235,740,000 after acquiring an additional 1,417,178 shares during the period. Finally, Morgan Stanley raised its stake in shares of Columbia Research Enhanced Core ETF by 32.0% during the fourth quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock valued at $213,015,000 after acquiring an additional 1,265,928 shares in the last quarter.

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.