Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sets New 12-Month High – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) hit a new 52-week high on Friday . The company traded as high as $43.32 and last traded at $43.29, with a volume of 79587 shares. The stock had previously closed at $43.03.

Columbia Research Enhanced Core ETF Stock Up 0.6%

The stock’s 50-day moving average price is $40.87 and its 200-day moving average price is $40.92. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KWB Wealth increased its position in Columbia Research Enhanced Core ETF by 48.6% in the fourth quarter. KWB Wealth now owns 490,145 shares of the company’s stock worth $20,018,000 after purchasing an additional 160,249 shares during the period. Envestnet Asset Management Inc. lifted its position in Columbia Research Enhanced Core ETF by 20.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 78,989 shares of the company’s stock valued at $3,187,000 after purchasing an additional 13,293 shares during the period. Daymark Wealth Partners LLC grew its position in shares of Columbia Research Enhanced Core ETF by 16.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 887,613 shares of the company’s stock worth $36,250,000 after buying an additional 125,673 shares during the period. Gradient Investments LLC raised its stake in shares of Columbia Research Enhanced Core ETF by 3.0% during the fourth quarter. Gradient Investments LLC now owns 2,201,985 shares of the company’s stock worth $89,929,000 after buying an additional 63,805 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at approximately $523,000.

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.