Independent Advisor Alliance Takes $6.13 Million Position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

Independent Advisor Alliance acquired a new stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 176,981 shares of the company’s stock, valued at approximately $6,127,000. Independent Advisor Alliance owned 1.02% of Columbia Research Enhanced Core ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Columbia Research Enhanced Core ETF by 51.3% in the 3rd quarter. LPL Financial LLC now owns 5,984,602 shares of the company’s stock worth $202,938,000 after buying an additional 2,029,508 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Columbia Research Enhanced Core ETF during the fourth quarter worth about $54,813,000. BlueStem Wealth Partners LLC bought a new stake in Columbia Research Enhanced Core ETF in the fourth quarter worth about $41,438,000. Spectrum Wealth Advisory Group LLC acquired a new stake in Columbia Research Enhanced Core ETF in the 3rd quarter valued at about $27,611,000. Finally, Tower Wealth Partners Inc. bought a new position in shares of Columbia Research Enhanced Core ETF during the 4th quarter valued at about $16,204,000.

Columbia Research Enhanced Core ETF Price Performance

NYSEARCA RECS opened at $32.98 on Wednesday. Columbia Research Enhanced Core ETF has a 12 month low of $29.41 and a 12 month high of $36.60. The company has a market capitalization of $2.08 billion, a P/E ratio of 21.87 and a beta of 0.93. The company’s 50 day simple moving average is $35.19 and its 200 day simple moving average is $34.78.

Columbia Research Enhanced Core ETF 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.