iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sees Large Volume Increase

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw strong trading volume on Friday . 490,444 shares traded hands during mid-day trading, an increase of 190% from the previous session’s volume of 168,990 shares.The stock last traded at $50.84 and had previously closed at $51.19.

iShares U.S. Equity Factor ETF Stock Down 1.0 %

The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 21.66 and a beta of 1.02. The company has a 50-day moving average price of $52.39 and a 200 day moving average price of $48.40.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRGF. Concourse Financial Group Securities Inc. increased its position in shares of iShares U.S. Equity Factor ETF by 49.8% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 599 shares of the company’s stock valued at $29,000 after purchasing an additional 199 shares during the period. ORG Partners LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 171.2% in the fourth quarter. ORG Partners LLC now owns 838 shares of the company’s stock worth $40,000 after acquiring an additional 529 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the first quarter worth about $54,000. Sunbelt Securities Inc. bought a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter valued at approximately $53,000. Finally, Mather Group LLC. acquired a new stake in shares of iShares U.S. Equity Factor ETF in the first quarter valued at approximately $115,000.

About iShares U.S. Equity Factor ETF

The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size.