Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Large Volume Increase – Here’s Why

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw an uptick in trading volume on Tuesday . 1,289,267 shares changed hands during mid-day trading, an increase of 149% from the previous session’s volume of 518,189 shares.The stock last traded at $35.99 and had previously closed at $36.02.

Columbia Research Enhanced Core ETF Stock Performance

The company has a market cap of $622.45 million, a P/E ratio of 21.72 and a beta of 0.96. The firm has a 50 day moving average price of $35.38 and a 200-day moving average price of $34.54.

Institutional Trading of Columbia Research Enhanced Core ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC boosted its stake in Columbia Research Enhanced Core ETF by 35.2% during the 4th quarter. LPL Financial LLC now owns 8,093,718 shares of the company’s stock valued at $280,205,000 after purchasing an additional 2,109,116 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Columbia Research Enhanced Core ETF during the fourth quarter worth approximately $54,813,000. BlueStem Wealth Partners LLC bought a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter valued at approximately $41,438,000. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF in the third quarter worth $27,611,000. Finally, Trajan Wealth LLC bought a new position in Columbia Research Enhanced Core ETF during the fourth quarter worth $18,642,000.

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.