Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Strong Trading Volume – Still a Buy?

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) saw unusually-strong trading volume on Wednesday. 143,939 shares changed hands during trading, an increase of 202% from the previous session’s volume of 47,646 shares. The stock last traded at $67.5450 and had previously closed at $67.65.

Hartford Multifactor US Equity ETF Stock Down 0.1%

The company’s fifty day moving average price is $67.64 and its 200 day moving average price is $65.50. The company has a market capitalization of $763.77 million, a P/E ratio of 18.12 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Hartford Multifactor US Equity ETF during the first quarter worth about $94,000. Allworth Financial LP increased its stake in Hartford Multifactor US Equity ETF by 31.9% in the second quarter. Allworth Financial LP now owns 2,665 shares of the company’s stock valued at $180,000 after acquiring an additional 645 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Hartford Multifactor US Equity ETF in the 4th quarter valued at $327,000. Arkadios Wealth Advisors acquired a new stake in shares of Hartford Multifactor US Equity ETF in the 1st quarter valued at $776,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Hartford Multifactor US Equity ETF by 8.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,459 shares of the company’s stock valued at $777,000 after purchasing an additional 1,073 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.