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

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $64.91 and last traded at $64.89, with a volume of 29567 shares changing hands. The stock had previously closed at $64.65.

Hartford Multifactor US Equity ETF Stock Performance

The business has a 50-day moving average price of $61.59 and a 200 day moving average price of $59.95. The stock has a market capitalization of $601.16 million, a P/E ratio of 18.12 and a beta of 0.84.

Institutional Trading of Hartford Multifactor US Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. NorthRock Partners LLC bought a new stake in shares of Hartford Multifactor US Equity ETF in the 3rd quarter worth approximately $94,277,000. LPL Financial LLC boosted its position in shares of Hartford Multifactor US Equity ETF by 11.0% in the 4th quarter. LPL Financial LLC now owns 675,705 shares of the company’s stock worth $38,995,000 after purchasing an additional 66,847 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Hartford Multifactor US Equity ETF by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 213,773 shares of the company’s stock worth $12,290,000 after purchasing an additional 14,582 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Hartford Multifactor US Equity ETF by 14.4% in the 3rd quarter. Raymond James Financial Inc. now owns 188,475 shares of the company’s stock worth $10,835,000 after purchasing an additional 23,675 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Hartford Multifactor US Equity ETF by 74.0% in the 1st quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock worth $10,706,000 after purchasing an additional 77,140 shares in 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.