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

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares saw an uptick in trading volume on Monday . 1,732,645 shares were traded during mid-day trading, an increase of 290% from the previous session’s volume of 444,116 shares.The stock last traded at $31.90 and had previously closed at $31.52.

Columbia Research Enhanced Core ETF Price Performance

The company has a market cap of $2.24 billion, a price-to-earnings ratio of 20.89 and a beta of 0.93. The firm has a fifty day simple moving average of $33.66 and a 200 day simple moving average of $34.63.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in shares of Columbia Research Enhanced Core ETF by 330.7% during the 3rd quarter. Jane Street Group LLC now owns 71,387 shares of the company’s stock worth $2,421,000 after acquiring an additional 54,811 shares in the last quarter. LPL Financial LLC grew its position 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 purchasing an additional 2,109,116 shares during the period. Dana Investment Advisors Inc. purchased a new stake in Columbia Research Enhanced Core ETF in the 4th quarter valued at $379,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Columbia Research Enhanced Core ETF by 681.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,827 shares of the company’s stock valued at $513,000 after buying an additional 12,930 shares in the last quarter. Finally, US Bancorp DE bought a new position in Columbia Research Enhanced Core ETF in the 4th quarter worth about $42,000.

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.