iShares U.S. Equity Factor ETF $LRGF Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC raised its holdings in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 22.7% during the first quarter, Holdings Channel.com reports. The firm owned 1,051,355 shares of the company’s stock after purchasing an additional 194,532 shares during the quarter. iShares U.S. Equity Factor ETF makes up 1.2% of Modern Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Modern Wealth Management LLC’s holdings in iShares U.S. Equity Factor ETF were worth $69,831,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Strategic Financial Services Inc. boosted its stake in shares of iShares U.S. Equity Factor ETF by 2.7% in the fourth quarter. Strategic Financial Services Inc. now owns 3,912,625 shares of the company’s stock valued at $272,788,000 after buying an additional 104,578 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its position in iShares U.S. Equity Factor ETF by 1.9% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 3,626,489 shares of the company’s stock worth $239,348,000 after acquiring an additional 67,011 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares U.S. Equity Factor ETF by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock worth $180,623,000 after acquiring an additional 180,954 shares in the last quarter. SigFig Wealth Management LLC raised its position in iShares U.S. Equity Factor ETF by 1.6% in the fourth quarter. SigFig Wealth Management LLC now owns 2,529,572 shares of the company’s stock worth $175,628,000 after acquiring an additional 40,949 shares in the last quarter. Finally, Tolleson Wealth Management Inc. lifted its holdings in iShares U.S. Equity Factor ETF by 11.4% in the second quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock valued at $134,655,000 after acquiring an additional 215,653 shares during the period.

iShares U.S. Equity Factor ETF Stock Performance

Shares of NYSEARCA LRGF opened at $75.18 on Friday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a one year low of $63.89 and a one year high of $77.15. The company’s fifty day moving average is $75.42 and its two-hundred day moving average is $71.52.

iShares U.S. Equity Factor ETF 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.