Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 52-Week High – What’s Next?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $64.74 and last traded at $64.52, with a volume of 33483 shares traded. The stock had previously closed at $64.38.

Hartford Multifactor US Equity ETF Stock Up 0.2%

The company has a market cap of $595.79 million, a PE ratio of 18.12 and a beta of 0.84. The stock’s 50 day simple moving average is $61.22 and its two-hundred day simple moving average is $59.72.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Hartford Multifactor US Equity ETF by 224.7% during the third quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock worth $79,000 after buying an additional 946 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Hartford Multifactor US Equity ETF during the first quarter valued at approximately $94,000. Keystone Financial Group acquired a new stake in shares of Hartford Multifactor US Equity ETF during the third quarter valued at about $93,000. Optima Capital LLC acquired a new stake in shares of Hartford Multifactor US Equity ETF during the fourth quarter valued at about $100,000. Finally, UMB Bank n.a. acquired a new stake in shares of Hartford Multifactor US Equity ETF during the fourth quarter valued at about $153,000.

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.