USAdvisors Wealth Management LLC Purchases Shares of 161,339 Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

USAdvisors Wealth Management LLC acquired a new position in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 161,339 shares of the company’s stock, valued at approximately $5,585,000. Columbia Research Enhanced Core ETF comprises about 1.8% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RECS. Bensler LLC raised its holdings in Columbia Research Enhanced Core ETF by 1.4% during the 4th quarter. Bensler LLC now owns 213,785 shares of the company’s stock worth $7,401,000 after purchasing an additional 2,955 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF during the fourth quarter worth $213,000. Archford Capital Strategies LLC bought a new position in Columbia Research Enhanced Core ETF during the fourth quarter worth $2,813,000. Oxinas Partners Wealth Management LLC acquired a new position in Columbia Research Enhanced Core ETF in the fourth quarter valued at $769,000. Finally, Amplius Wealth Advisors LLC boosted its position in Columbia Research Enhanced Core ETF by 11.0% during the fourth quarter. Amplius Wealth Advisors LLC now owns 1,351,246 shares of the company’s stock valued at $46,780,000 after acquiring an additional 134,212 shares during the last quarter.

Columbia Research Enhanced Core ETF Trading Down 0.4 %

RECS stock opened at $35.80 on Thursday. The firm has a market cap of $619.34 million, a PE ratio of 21.72 and a beta of 0.96. The stock has a 50-day moving average price of $35.46 and a 200-day moving average price of $34.18. Columbia Research Enhanced Core ETF has a 1-year low of $28.34 and a 1-year high of $36.60.

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.