Archford Capital Strategies LLC Sells 39,650 Shares of Columbia Research Enhanced Core ETF $RECS

Archford Capital Strategies LLC reduced its position in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) by 11.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 304,222 shares of the company’s stock after selling 39,650 shares during the quarter. Columbia Research Enhanced Core ETF accounts for about 1.4% of Archford Capital Strategies LLC’s investment portfolio, making the stock its 15th biggest holding. Archford Capital Strategies LLC owned 0.25% of Columbia Research Enhanced Core ETF worth $12,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RECS. Archer Investment Corp bought a new position in Columbia Research Enhanced Core ETF in the 3rd quarter valued at approximately $26,000. MAI Capital Management purchased a new position in shares of Columbia Research Enhanced Core ETF in the third quarter worth $38,000. Root Financial Partners LLC bought a new position in shares of Columbia Research Enhanced Core ETF during the third quarter valued at $39,000. Trust Co. of Vermont bought a new position in shares of Columbia Research Enhanced Core ETF during the third quarter valued at $60,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Columbia Research Enhanced Core ETF during the third quarter valued at $126,000.

Columbia Research Enhanced Core ETF Stock Performance

Shares of NYSEARCA:RECS opened at $38.98 on Wednesday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 22.01 and a beta of 0.95. The business has a 50-day simple moving average of $40.39 and a two-hundred day simple moving average of $40.58. Columbia Research Enhanced Core ETF has a fifty-two week low of $28.64 and a fifty-two week high of $41.81.

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.