Columbia Research Enhanced Core ETF $RECS Shares Sold by Balance Wealth LLC

Balance Wealth LLC cut its stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 75.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 9,346 shares of the company’s stock after selling 28,370 shares during the quarter. Balance Wealth LLC’s holdings in Columbia Research Enhanced Core ETF were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RECS. PNC Financial Services Group Inc. purchased a new position in Columbia Research Enhanced Core ETF in the 4th quarter worth $31,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Columbia Research Enhanced Core ETF by 130.1% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 886 shares of the company’s stock valued at $36,000 after purchasing an additional 501 shares during the period. MAI Capital Management acquired a new position in shares of Columbia Research Enhanced Core ETF in the third quarter valued at about $38,000. Eagle Bay Advisors LLC purchased a new position in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth about $50,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Columbia Research Enhanced Core ETF in the fourth quarter worth about $59,000.

Columbia Research Enhanced Core ETF Stock Down 0.7%

Columbia Research Enhanced Core ETF stock opened at $42.50 on Friday. Columbia Research Enhanced Core ETF has a 52 week low of $36.20 and a 52 week high of $44.04. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.01 and a beta of 0.93. The stock has a 50-day moving average price of $42.81 and a 200 day moving average price of $41.39.

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.