Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Hits New 12-Month High – Time to Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.74 and last traded at $41.65, with a volume of 10605 shares trading hands. The stock had previously closed at $41.48.

Hartford Multifactor Developed Markets (ex-US) ETF Price Performance

The stock has a market capitalization of $1.51 billion, a P/E ratio of -96.72 and a beta of 0.65. The firm has a 50-day simple moving average of $40.36 and a 200 day simple moving average of $38.79.

Hedge Funds Weigh In On Hartford Multifactor Developed Markets (ex-US) ETF

Several large investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter valued at about $227,000. Bank of America Corp DE raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 0.6% in the first quarter. Bank of America Corp DE now owns 2,624,425 shares of the exchange traded fund’s stock valued at $103,455,000 after purchasing an additional 15,122 shares during the last quarter. Royal Bank of Canada increased its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 11.0% in the first quarter. Royal Bank of Canada now owns 226,226 shares of the exchange traded fund’s stock valued at $8,918,000 after purchasing an additional 22,504 shares during the period. Waverly Advisors LLC acquired a new stake in Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter valued at $306,000. Finally, Cetera Investment Advisers increased its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 1.8% in the first quarter. Cetera Investment Advisers now owns 388,444 shares of the exchange traded fund’s stock valued at $15,312,000 after purchasing an additional 6,997 shares during the period. 7.13% of the stock is currently owned by institutional investors.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.