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

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-strong trading volume on Thursday . Approximately 194,813 shares were traded during trading, an increase of 153% from the previous session’s volume of 76,948 shares.The stock last traded at $28.55 and had previously closed at $28.49.

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

The company has a market cap of $1.16 billion, a PE ratio of 10.73 and a beta of 0.69. The stock has a 50-day moving average of $29.12 and a 200-day moving average of $29.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.9% in the third quarter. Cerity Partners LLC now owns 5,247,227 shares of the exchange traded fund’s stock worth $160,048,000 after buying an additional 147,557 shares in the last quarter. Foster & Motley Inc. lifted its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% in the 3rd quarter. Foster & Motley Inc. now owns 1,948,960 shares of the exchange traded fund’s stock worth $59,446,000 after acquiring an additional 40,636 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 6.6% in the 3rd quarter. Private Advisor Group LLC now owns 699,752 shares of the exchange traded fund’s stock valued at $21,344,000 after purchasing an additional 43,321 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the 2nd quarter valued at $14,576,000. Finally, Goldstein Advisors LLC raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 6.0% in the 4th quarter. Goldstein Advisors LLC now owns 410,692 shares of the exchange traded fund’s stock worth $11,672,000 after purchasing an additional 23,193 shares during the period.

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.