Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Hits New 12-Month High – Should You Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.56 and last traded at $57.40, with a volume of 25675 shares changing hands. The stock had previously closed at $57.37.

Hartford Multifactor US Equity ETF Stock Down 1.0%

The firm has a fifty day moving average of $55.39 and a 200-day moving average of $52.66. The firm has a market cap of $496.29 million, a P/E ratio of 18.12 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ROUS. Hartford Funds Management Co LLC raised its stake in shares of Hartford Multifactor US Equity ETF by 0.3% during the second quarter. Hartford Funds Management Co LLC now owns 914,370 shares of the company’s stock worth $49,093,000 after buying an additional 2,381 shares during the last quarter. LPL Financial LLC grew its holdings in Hartford Multifactor US Equity ETF by 9.1% during the 1st quarter. LPL Financial LLC now owns 557,508 shares of the company’s stock worth $28,282,000 after acquiring an additional 46,430 shares during the period. Raymond James Financial Inc. grew its holdings in Hartford Multifactor US Equity ETF by 1.7% during the 1st quarter. Raymond James Financial Inc. now owns 199,225 shares of the company’s stock worth $10,107,000 after acquiring an additional 3,359 shares during the period. Bank of America Corp DE raised its position in shares of Hartford Multifactor US Equity ETF by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 199,191 shares of the company’s stock valued at $10,695,000 after acquiring an additional 17,363 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in shares of Hartford Multifactor US Equity ETF by 7.1% in the 2nd quarter. Western Wealth Management LLC now owns 126,571 shares of the company’s stock valued at $6,796,000 after purchasing an additional 8,445 shares during the period.

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.