KWB Wealth Sells 315,960 Shares of Columbia Research Enhanced Core ETF $RECS

KWB Wealth decreased its stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 49.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 319,750 shares of the company’s stock after selling 315,960 shares during the quarter. Columbia Research Enhanced Core ETF makes up about 1.2% of KWB Wealth’s holdings, making the stock its 18th biggest position. KWB Wealth owned approximately 0.24% of Columbia Research Enhanced Core ETF worth $14,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new position in shares of Columbia Research Enhanced Core ETF in the third quarter worth $109,923,000. Bogart Wealth LLC raised its holdings in shares of Columbia Research Enhanced Core ETF by 2.0% during the first quarter. Bogart Wealth LLC now owns 2,286,664 shares of the company’s stock worth $89,134,000 after acquiring an additional 45,478 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Columbia Research Enhanced Core ETF by 139.8% during the second quarter. Ameritas Advisory Services LLC now owns 1,681,628 shares of the company’s stock worth $72,781,000 after acquiring an additional 980,386 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Columbia Research Enhanced Core ETF by 8.7% during the first quarter. Cetera Investment Advisers now owns 1,432,489 shares of the company’s stock worth $55,838,000 after acquiring an additional 115,257 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Columbia Research Enhanced Core ETF by 43.0% during the first quarter. Royal Bank of Canada now owns 1,173,365 shares of the company’s stock worth $45,738,000 after acquiring an additional 353,051 shares in the last quarter.

Columbia Research Enhanced Core ETF Price Performance

RECS traded down $0.38 during trading on Friday, reaching $45.37. 416,043 shares of the stock traded hands, compared to its average volume of 564,694. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92. Columbia Research Enhanced Core ETF has a fifty-two week low of $37.79 and a fifty-two week high of $46.03. The stock’s 50-day simple moving average is $45.39 and its two-hundred day simple moving average is $43.73.

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.