Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Shares Break Above 50-Day Moving Average – Time to Sell?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $45.41 and traded as high as $45.62. Columbia Research Enhanced Core ETF shares last traded at $45.62, with a volume of 421,606 shares trading hands.

Columbia Research Enhanced Core ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $45.41 and a 200 day simple moving average of $42.98. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gradient Investments LLC bought a new stake in shares of Columbia Research Enhanced Core ETF during the third quarter worth about $109,923,000. Ameritas Advisory Services LLC increased its holdings in Columbia Research Enhanced Core ETF by 139.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,681,628 shares of the company’s stock worth $72,781,000 after purchasing an additional 980,386 shares in the last quarter. Stadion Money Management LLC purchased a new stake in shares of Columbia Research Enhanced Core ETF in the first quarter worth approximately $31,639,000. Royal Bank of Canada raised its stake in shares of Columbia Research Enhanced Core ETF by 43.0% in the first quarter. Royal Bank of Canada now owns 1,173,365 shares of the company’s stock worth $45,738,000 after purchasing an additional 353,051 shares during the last quarter. Finally, KWB Wealth raised its stake in shares of Columbia Research Enhanced Core ETF by 30.5% in the second quarter. KWB Wealth now owns 635,710 shares of the company’s stock worth $27,514,000 after purchasing an additional 148,675 shares during the last quarter.

Columbia Research Enhanced Core ETF Company 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.