RiverTree Advisors LLC Takes Position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

RiverTree Advisors LLC purchased a new position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the 4th quarter, Holdings Channel reports. The fund purchased 46,242 shares of the company’s stock, valued at approximately $1,601,000. Columbia Research Enhanced Core ETF makes up 1.1% of RiverTree Advisors LLC’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in shares of Columbia Research Enhanced Core ETF during the third quarter worth approximately $48,000. Northwestern Mutual Wealth Management Co. increased its holdings in Columbia Research Enhanced Core ETF by 21.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,830 shares of the company’s stock worth $124,000 after purchasing 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 $182,000. Sanctuary Advisors LLC purchased a new stake in shares of Columbia Research Enhanced Core ETF in the 2nd quarter worth $220,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in shares of Columbia Research Enhanced Core ETF in the 3rd quarter worth $263,000.

Columbia Research Enhanced Core ETF Price Performance

RECS stock opened at $35.36 on Monday. Columbia Research Enhanced Core ETF has a 1-year low of $27.71 and a 1-year high of $36.60. The business has a 50-day moving average price of $35.42 and a 200 day moving average price of $34.03. The company has a market capitalization of $611.73 million, a P/E ratio of 21.72 and a beta of 0.96.

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.