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

Tower Wealth Partners Inc. purchased a new stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 468,042 shares of the company’s stock, valued at approximately $16,204,000. Columbia Research Enhanced Core ETF comprises approximately 8.5% of Tower Wealth Partners Inc.’s portfolio, making the stock its 4th biggest holding. Tower Wealth Partners Inc. owned approximately 2.71% of Columbia Research Enhanced Core ETF as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. WealthCare Investment Partners LLC raised its position in Columbia Research Enhanced Core ETF by 8.2% in the fourth quarter. WealthCare Investment Partners LLC now owns 13,583 shares of the company’s stock valued at $471,000 after purchasing an additional 1,028 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in Columbia Research Enhanced Core ETF in the 4th quarter valued at about $37,000. Sanctuary Advisors LLC lifted its position in Columbia Research Enhanced Core ETF by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 25,046 shares of the company’s stock valued at $896,000 after buying an additional 1,158 shares during the last quarter. US Bancorp DE purchased a new position in Columbia Research Enhanced Core ETF during the fourth quarter worth about $42,000. Finally, IHT Wealth Management LLC increased its position 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 valued at $563,000 after acquiring an additional 1,700 shares during the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

Shares of RECS stock opened at $34.14 on Monday. The firm has a market cap of $1.81 billion, a P/E ratio of 23.97 and a beta of 0.94. The firm’s 50 day moving average price is $35.25 and its 200-day moving average price is $34.78. 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.