Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Strong Trading Volume – What’s Next?

Shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) saw unusually-high trading volume on Monday . Approximately 2,241,601 shares changed hands during trading, an increase of 458% from the previous session’s volume of 401,783 shares.The stock last traded at $32.93 and had previously closed at $33.01.

Columbia Research Enhanced Core ETF Stock Up 0.8 %

The firm has a market cap of $2.19 billion, a PE ratio of 22.16 and a beta of 0.93. The company has a 50-day simple moving average of $34.74 and a two-hundred day simple moving average of $34.84.

Institutional Trading of Columbia Research Enhanced Core ETF

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new position in Columbia Research Enhanced Core ETF in the 4th quarter worth approximately $1,624,000. Centaurus Financial Inc. bought a new stake in shares of Columbia Research Enhanced Core ETF during the 4th quarter worth $12,364,000. LM Advisors LLC increased its position in shares of Columbia Research Enhanced Core ETF by 37.9% during the 4th quarter. LM Advisors LLC now owns 22,678 shares of the company’s stock valued at $785,000 after purchasing an additional 6,232 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Columbia Research Enhanced Core ETF by 15.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,171 shares of the company’s stock valued at $941,000 after acquiring an additional 3,734 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in Columbia Research Enhanced Core ETF by 1,527.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 163,026 shares of the company’s stock worth $5,644,000 after purchasing an additional 153,011 shares during the period.

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.