Envestnet Asset Management Inc. Boosts Stake in Columbia Research Enhanced Core ETF $RECS

Envestnet Asset Management Inc. increased its stake in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 14.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,696 shares of the company’s stock after acquiring an additional 8,317 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Columbia Research Enhanced Core ETF worth $2,417,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its holdings in shares of Columbia Research Enhanced Core ETF by 10.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 6,927 shares of the company’s stock worth $255,000 after purchasing an additional 666 shares in the last quarter. Empirical Asset Management LLC boosted its stake in Columbia Research Enhanced Core ETF by 1.4% in the second quarter. Empirical Asset Management LLC now owns 69,125 shares of the company’s stock worth $2,543,000 after buying an additional 936 shares in the last quarter. Harbour Investments Inc. boosted its stake in Columbia Research Enhanced Core ETF by 13.1% in the second quarter. Harbour Investments Inc. now owns 8,201 shares of the company’s stock worth $302,000 after buying an additional 951 shares in the last quarter. Tyler Stone Wealth Management grew its position in Columbia Research Enhanced Core ETF by 18.7% during the first quarter. Tyler Stone Wealth Management now owns 10,164 shares of the company’s stock valued at $338,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Paladin Wealth LLC grew its position in Columbia Research Enhanced Core ETF by 2.9% during the second quarter. Paladin Wealth LLC now owns 60,269 shares of the company’s stock valued at $2,217,000 after acquiring an additional 1,671 shares during the last quarter.

Columbia Research Enhanced Core ETF Stock Performance

Shares of RECS opened at $40.48 on Monday. Columbia Research Enhanced Core ETF has a fifty-two week low of $28.64 and a fifty-two week high of $41.64. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The firm has a 50 day moving average price of $40.25 and a 200-day moving average price of $37.92.

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.