iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 1-Year High – Still a Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $72.91 and last traded at $72.79, with a volume of 139068 shares changing hands. The stock had previously closed at $72.05.

iShares U.S. Equity Factor ETF Price Performance

The firm has a market capitalization of $3.31 billion, a P/E ratio of 22.79 and a beta of 0.98. The firm has a 50-day moving average price of $68.83 and a two-hundred day moving average price of $69.25.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EWA LLC increased its position in shares of iShares U.S. Equity Factor ETF by 38.9% during the third quarter. EWA LLC now owns 706,148 shares of the company’s stock worth $48,781,000 after acquiring an additional 197,867 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Equity Factor ETF by 10.9% during the third quarter. Envestnet Asset Management Inc. now owns 550,090 shares of the company’s stock valued at $38,000,000 after acquiring an additional 54,041 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in shares of iShares U.S. Equity Factor ETF by 34.7% in the fourth quarter. Acropolis Investment Management LLC now owns 312,356 shares of the company’s stock valued at $21,687,000 after purchasing an additional 80,543 shares during the period. Jones Financial Companies Lllp grew its stake in iShares U.S. Equity Factor ETF by 10.5% in the third quarter. Jones Financial Companies Lllp now owns 121,440 shares of the company’s stock worth $8,349,000 after purchasing an additional 11,558 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in iShares U.S. Equity Factor ETF by 9.5% in the third quarter. Compound Planning Inc. now owns 801,315 shares of the company’s stock worth $55,355,000 after purchasing an additional 69,481 shares in the last quarter.

iShares U.S. Equity Factor ETF Company Profile

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. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.