Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Hits New 1-Year High – Here’s Why

Columbia Research Enhanced Core ETF (NYSEARCA:RECS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.80 and last traded at $45.8970, with a volume of 87685 shares traded. The stock had previously closed at $45.38.

Columbia Research Enhanced Core ETF Price Performance

The company has a market cap of $6.14 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92. The firm has a fifty day simple moving average of $44.60 and a 200 day simple moving average of $42.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RECS. PNC Financial Services Group Inc. bought a new stake in Columbia Research Enhanced Core ETF during the fourth quarter valued at about $31,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Columbia Research Enhanced Core ETF by 130.1% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after purchasing an additional 501 shares during the last quarter. Community Financial Services Group LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the 2nd quarter worth about $63,000. Global Retirement Partners LLC boosted its stake in Columbia Research Enhanced Core ETF by 21.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,584 shares of the company’s stock valued at $146,000 after purchasing an additional 637 shares during the period. Finally, Graney & King LLC boosted its stake in Columbia Research Enhanced Core ETF by 444.7% during the 2nd quarter. Graney & King LLC now owns 5,447 shares of the company’s stock valued at $200,000 after purchasing an additional 4,447 shares during the period.

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.