Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Reaches New 12-Month Low – Here’s What Happened

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.64 and last traded at $28.67, with a volume of 142857 shares trading hands. The stock had previously closed at $30.00.

Columbia Research Enhanced Core ETF Stock Up 9.3 %

The firm has a fifty day moving average price of $34.12 and a 200 day moving average price of $34.72. The company has a market cap of $2.10 billion, a P/E ratio of 22.16 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Graney & King LLC acquired a new stake in Columbia Research Enhanced Core ETF in the 4th quarter valued at about $35,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Columbia Research Enhanced Core ETF during the fourth quarter valued at approximately $37,000. US Bancorp DE acquired a new stake in shares of Columbia Research Enhanced Core ETF in the fourth quarter valued at approximately $42,000. Comerica Bank raised its position in Columbia Research Enhanced Core ETF by 47.4% in the 4th quarter. Comerica Bank now owns 1,506 shares of the company’s stock worth $52,000 after purchasing an additional 484 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in Columbia Research Enhanced Core ETF during the 4th quarter worth $68,000.

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.