Tower Wealth Partners Inc. Invests $16.20 Million in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

Tower Wealth Partners Inc. bought a new stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 468,042 shares of the company’s stock, valued at approximately $16,204,000. Columbia Research Enhanced Core ETF makes up approximately 8.5% of Tower Wealth Partners Inc.’s holdings, making the stock its 4th biggest position.

A number of other large investors have also recently bought and sold shares of RECS. WealthCare Investment Partners LLC boosted its stake in shares of Columbia Research Enhanced Core ETF by 8.2% during the fourth quarter. WealthCare Investment Partners LLC now owns 13,583 shares of the company’s stock valued at $471,000 after acquiring an additional 1,028 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Columbia Research Enhanced Core ETF in the 4th quarter valued at about $37,000. Sanctuary Advisors LLC lifted its holdings in Columbia Research Enhanced Core ETF by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 25,046 shares of the company’s stock valued at $896,000 after purchasing an additional 1,158 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Columbia Research Enhanced Core ETF during the 4th quarter worth about $42,000. Finally, IHT Wealth Management LLC grew its holdings in shares of Columbia Research Enhanced Core ETF by 11.4% during the third quarter. IHT Wealth Management LLC now owns 16,600 shares of the company’s stock worth $563,000 after buying an additional 1,700 shares in the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

RECS stock opened at $34.14 on Monday. The company has a 50 day moving average price of $35.25 and a two-hundred day moving average price of $34.78. The stock has a market capitalization of $1.81 billion, a P/E ratio of 23.97 and a beta of 0.94. Columbia Research Enhanced Core ETF has a one year low of $29.41 and a one year high of $36.60.

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.