814,229 Shares in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Acquired by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC purchased a new position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 814,229 shares of the company’s stock, valued at approximately $27,611,000. Columbia Research Enhanced Core ETF makes up 15.5% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of RECS. Osaic Holdings Inc. grew its stake in shares of Columbia Research Enhanced Core ETF by 31.6% during the 1st quarter. Osaic Holdings Inc. now owns 650,950 shares of the company’s stock worth $20,166,000 after purchasing an additional 156,439 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of Columbia Research Enhanced Core ETF during the 2nd quarter worth approximately $215,000. IAG Wealth Partners LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF during the 2nd quarter worth approximately $1,100,000. Raymond James & Associates grew its stake in shares of Columbia Research Enhanced Core ETF by 5.6% during the 2nd quarter. Raymond James & Associates now owns 244,885 shares of the company’s stock worth $7,902,000 after purchasing an additional 12,989 shares during the period. Finally, Western Wealth Management LLC grew its stake in shares of Columbia Research Enhanced Core ETF by 12.6% during the 2nd quarter. Western Wealth Management LLC now owns 27,619 shares of the company’s stock worth $891,000 after purchasing an additional 3,100 shares during the period.

Columbia Research Enhanced Core ETF Price Performance

Shares of NYSEARCA RECS opened at $35.18 on Monday. The stock has a market capitalization of $608.61 million, a price-to-earnings ratio of 21.72 and a beta of 0.96. Columbia Research Enhanced Core ETF has a 12 month low of $26.23 and a 12 month high of $35.86. The firm’s 50 day simple moving average is $34.19 and its 200-day simple moving average is $32.83.

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.