Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Unusually-High Trading Volume – Time to Buy?

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) saw strong trading volume on Monday . Approximately 2,241,601 shares were traded during mid-day trading, an increase of 458% from the previous session’s volume of 401,783 shares.The stock last traded at $32.93 and had previously closed at $33.01.

Columbia Research Enhanced Core ETF Trading Up 0.6 %

The stock has a market cap of $2.17 billion, a PE ratio of 22.16 and a beta of 0.93. The business has a 50-day moving average price of $34.83 and a 200 day moving average price of $34.84.

Institutional Trading of Columbia Research Enhanced Core ETF

A number of institutional investors have recently modified their holdings of RECS. Jane Street Group LLC increased its position in shares of Columbia Research Enhanced Core ETF by 330.7% during the third quarter. Jane Street Group LLC now owns 71,387 shares of the company’s stock valued at $2,421,000 after buying an additional 54,811 shares during the period. LPL Financial LLC increased its holdings 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 worth $280,205,000 after acquiring an additional 2,109,116 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Columbia Research Enhanced Core ETF by 681.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,827 shares of the company’s stock worth $513,000 after purchasing an additional 12,930 shares in the last quarter. KWB Wealth bought a new position in Columbia Research Enhanced Core ETF in the 4th quarter valued at $1,392,000. Finally, Dana Investment Advisors Inc. purchased a new position in shares of Columbia Research Enhanced Core ETF during the 4th quarter valued at $379,000.

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.