Drake & Associates LLC Has $30.91 Million Stock Holdings in Columbia Research Enhanced Core ETF $RECS

Drake & Associates LLC increased its stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 4.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 840,273 shares of the company’s stock after buying an additional 35,148 shares during the period. Columbia Research Enhanced Core ETF comprises about 7.6% of Drake & Associates LLC’s holdings, making the stock its 2nd biggest position. Drake & Associates LLC’s holdings in Columbia Research Enhanced Core ETF were worth $30,914,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Retirement Planning Group LLC NY grew its position in shares of Columbia Research Enhanced Core ETF by 64.7% during the 1st quarter. Retirement Planning Group LLC NY now owns 63,732 shares of the company’s stock valued at $2,117,000 after acquiring an additional 25,025 shares during the period. Thoroughbred Financial Services LLC purchased a new position in Columbia Research Enhanced Core ETF in the first quarter valued at approximately $873,000. Bison Wealth LLC purchased a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at approximately $237,000. Stratos Wealth Partners LTD. grew its holdings in Columbia Research Enhanced Core ETF by 32.5% during the first quarter. Stratos Wealth Partners LTD. now owns 1,529,574 shares of the company’s stock valued at $50,797,000 after purchasing an additional 375,240 shares during the period. Finally, IAG Wealth Partners LLC increased its position in Columbia Research Enhanced Core ETF by 38.4% in the first quarter. IAG Wealth Partners LLC now owns 121,949 shares of the company’s stock worth $4,050,000 after buying an additional 33,811 shares during the last quarter.

Columbia Research Enhanced Core ETF Price Performance

Shares of RECS opened at $40.52 on Tuesday. The firm has a market cap of $3.87 billion, a PE ratio of 22.01 and a beta of 0.99. The stock’s fifty day moving average price is $39.12 and its two-hundred day moving average price is $36.15. Columbia Research Enhanced Core ETF has a 1 year low of $28.64 and a 1 year high of $40.69.

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.