Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 12-Month High – Time to Buy?

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) reached a new 52-week high on Thursday . The stock traded as high as $61.75 and last traded at $61.6590, with a volume of 2183 shares. The stock had previously closed at $61.38.

Hartford Multifactor US Equity ETF Trading Down 0.7%

The firm has a fifty day moving average of $59.20 and a 200 day moving average of $57.43. The company has a market capitalization of $530.08 million, a P/E ratio of 18.12 and a beta of 0.86.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

A number of hedge funds have recently added to or reduced their stakes in ROUS. NorthRock Partners LLC bought a new stake in shares of Hartford Multifactor US Equity ETF in the third quarter worth $94,277,000. Hartford Funds Management Co LLC lifted its stake in shares of Hartford Multifactor US Equity ETF by 0.3% in the 2nd quarter. Hartford Funds Management Co LLC now owns 914,370 shares of the company’s stock worth $49,093,000 after purchasing an additional 2,381 shares during the period. LPL Financial LLC boosted its holdings in shares of Hartford Multifactor US Equity ETF by 11.0% in the fourth quarter. LPL Financial LLC now owns 675,705 shares of the company’s stock worth $38,995,000 after buying an additional 66,847 shares during the last quarter. Bank of America Corp DE grew its position in Hartford Multifactor US Equity ETF by 7.3% during the third quarter. Bank of America Corp DE now owns 213,773 shares of the company’s stock valued at $12,290,000 after buying an additional 14,582 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Hartford Multifactor US Equity ETF by 14.4% during the third quarter. Raymond James Financial Inc. now owns 188,475 shares of the company’s stock valued at $10,835,000 after buying an additional 23,675 shares during the last quarter.

Hartford Multifactor US Equity ETF Company Profile

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.