RDA Financial Network acquired a new stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 98,957 shares of the company’s stock, valued at approximately $3,426,000. Columbia Research Enhanced Core ETF accounts for about 1.0% of RDA Financial Network’s investment portfolio, making the stock its 20th largest holding.
Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP bought a new stake in shares of Columbia Research Enhanced Core ETF in the 3rd quarter worth about $48,000. Northwestern Mutual Wealth Management Co. increased its stake in Columbia Research Enhanced Core ETF by 21.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,830 shares of the company’s stock worth $124,000 after buying an additional 681 shares during the period. AdvisorNet Financial Inc bought a new stake in Columbia Research Enhanced Core ETF during the 4th quarter valued at about $182,000. Sanctuary Advisors LLC bought a new position in Columbia Research Enhanced Core ETF in the 2nd quarter worth about $220,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of Columbia Research Enhanced Core ETF during the third quarter worth approximately $263,000.
Columbia Research Enhanced Core ETF Stock Performance
Shares of NYSEARCA RECS opened at $35.04 on Friday. Columbia Research Enhanced Core ETF has a 52-week low of $27.56 and a 52-week high of $36.60. The firm has a market capitalization of $606.19 million, a price-to-earnings ratio of 21.72 and a beta of 0.96. The stock has a 50 day moving average price of $35.44 and a 200 day moving average price of $33.99.
Columbia Research Enhanced Core ETF Company 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.
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