Spectrum Wealth Advisory Group LLC Takes $27.61 Million Position in Columbia Research Enhanced Core ETF (NYSEARCA:RECS)

Spectrum Wealth Advisory Group LLC acquired a new stake in shares of Columbia Research Enhanced Core ETF (NYSEARCA:RECS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 814,229 shares of the company’s stock, valued at approximately $27,611,000. Columbia Research Enhanced Core ETF makes up approximately 15.5% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 2nd biggest holding. Spectrum Wealth Advisory Group LLC owned about 4.71% of Columbia Research Enhanced Core ETF as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Columbia Research Enhanced Core ETF by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,830 shares of the company’s stock valued at $124,000 after acquiring an additional 681 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Columbia Research Enhanced Core ETF during the third quarter valued at about $48,000. Marshall Wace LLP increased its holdings in shares of Columbia Research Enhanced Core ETF by 16.4% during the second quarter. Marshall Wace LLP now owns 20,982 shares of the company’s stock valued at $677,000 after acquiring an additional 2,959 shares in the last quarter. Western Wealth Management LLC increased its holdings in shares of Columbia Research Enhanced Core ETF by 12.6% during the second quarter. Western Wealth Management LLC now owns 27,619 shares of the company’s stock valued at $891,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Tyler Stone Wealth Management increased its holdings in shares of Columbia Research Enhanced Core ETF by 107.3% during the third quarter. Tyler Stone Wealth Management now owns 8,494 shares of the company’s stock valued at $288,000 after acquiring an additional 4,397 shares in the last quarter.

Columbia Research Enhanced Core ETF Stock Down 1.1 %

RECS opened at $35.18 on Monday. Columbia Research Enhanced Core ETF has a 52-week low of $26.23 and a 52-week high of $35.86. The company has a market cap of $608.61 million, a P/E ratio of 21.72 and a beta of 0.96. The firm’s 50-day moving average price is $34.19 and its 200-day moving average price is $32.83.

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.