Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Strong Trading Volume – Should You Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw strong trading volume on Wednesday. Approximately 66,877 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 94,455 shares. The stock last traded at $41.3950 and had previously closed at $41.78.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Down 0.2%

The company has a market capitalization of $1.63 billion, a P/E ratio of -95.95 and a beta of 0.64. The business has a 50 day moving average of $41.85 and a 200 day moving average of $41.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its position in Hartford Multifactor Developed Markets (ex-US) ETF by 1.3% during the 2nd quarter. Allworth Financial LP now owns 20,557 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 261 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 80,263 shares of the exchange traded fund’s stock worth $3,164,000 after buying an additional 343 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 6,710 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 428 shares during the period. World Investment Advisors lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.6% during the fourth quarter. World Investment Advisors now owns 78,140 shares of the exchange traded fund’s stock worth $2,889,000 after buying an additional 449 shares during the period. Finally, Howard Financial Services LTD. lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.9% during the second quarter. Howard Financial Services LTD. now owns 88,991 shares of the exchange traded fund’s stock worth $3,596,000 after buying an additional 787 shares during the period. 7.13% of the stock is currently owned by institutional investors.

About Hartford Multifactor Developed Markets (ex-US) ETF

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.