Scarborough Advisors LLC Purchases New Holdings in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

Scarborough Advisors LLC purchased a new stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 422,447 shares of the company’s stock, valued at approximately $14,625,000. Columbia Research Enhanced Core ETF accounts for approximately 2.1% of Scarborough Advisors LLC’s holdings, making the stock its 14th largest holding. Scarborough Advisors LLC owned approximately 2.44% of Columbia Research Enhanced Core ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in RECS. LPL Financial LLC boosted its stake in shares of Columbia Research Enhanced Core ETF by 51.3% in the third quarter. LPL Financial LLC now owns 5,984,602 shares of the company’s stock valued at $202,938,000 after buying an additional 2,029,508 shares during the period. Stratos Investment Management LLC acquired a new position in Columbia Research Enhanced Core ETF during the third quarter valued at approximately $32,500,000. Spectrum Wealth Advisory Group LLC acquired a new position in Columbia Research Enhanced Core ETF during the third quarter valued at approximately $27,611,000. Stratos Wealth Partners LTD. raised its position in Columbia Research Enhanced Core ETF by 90.9% during the third quarter. Stratos Wealth Partners LTD. now owns 1,132,623 shares of the company’s stock valued at $38,407,000 after purchasing an additional 539,425 shares in the last quarter. Finally, USAdvisors Wealth Management LLC acquired a new position in Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $5,585,000.

Columbia Research Enhanced Core ETF Price Performance

Shares of RECS opened at $36.02 on Friday. Columbia Research Enhanced Core ETF has a one year low of $28.98 and a one year high of $36.60. The company has a market cap of $623.15 million, a P/E ratio of 21.72 and a beta of 0.96. The firm has a 50 day simple moving average of $35.40 and a two-hundred day simple moving average of $34.41.

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.