Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 1-Year High – Still a Buy?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.02 and last traded at $44.00, with a volume of 202699 shares. The stock had previously closed at $43.27.

Columbia Research Enhanced Core ETF Stock Up 1.4%

The business has a 50-day moving average price of $42.25 and a 200-day moving average price of $41.26. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter worth $31,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Columbia Research Enhanced Core ETF by 130.1% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock worth $36,000 after purchasing an additional 501 shares in the last quarter. MAI Capital Management acquired a new position in shares of Columbia Research Enhanced Core ETF during the third quarter worth $38,000. Eagle Bay Advisors LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter worth $50,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter worth $59,000.

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.