Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Unusually-High Trading Volume – Here’s What Happened

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw unusually-high trading volume on Monday . Approximately 2,241,601 shares traded hands during mid-day 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 0.6 %

The business has a fifty day simple moving average of $34.83 and a two-hundred day simple moving average of $34.84. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.16 and a beta of 0.93.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Columbia Research Enhanced Core ETF by 35.2% in the 4th quarter. LPL Financial LLC now owns 8,093,718 shares of the company’s stock valued at $280,205,000 after acquiring an additional 2,109,116 shares during the period. Bank of America Corp DE grew its position in Columbia Research Enhanced Core ETF by 15.9% during the 4th quarter. Bank of America Corp DE now owns 3,543,209 shares of the company’s stock worth $122,666,000 after acquiring an additional 485,031 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Columbia Research Enhanced Core ETF during the 4th quarter worth approximately $54,813,000. Stratos Investment Management LLC lifted its holdings in shares of Columbia Research Enhanced Core ETF by 47.2% during the fourth quarter. Stratos Investment Management LLC now owns 1,410,831 shares of the company’s stock worth $48,843,000 after purchasing an additional 452,426 shares during the period. Finally, Amplius Wealth Advisors LLC grew its position in shares of Columbia Research Enhanced Core ETF by 11.0% in the 4th quarter. Amplius Wealth Advisors LLC now owns 1,351,246 shares of the company’s stock valued at $46,780,000 after buying an additional 134,212 shares during the last quarter.

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.