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

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) reached a new 52-week high during trading on Thursday . The company traded as high as $61.75 and last traded at $61.6590, with a volume of 2183 shares traded. The stock had previously closed at $61.38.

Hartford Multifactor US Equity ETF Price Performance

The firm has a market capitalization of $532.88 million, a P/E ratio of 18.12 and a beta of 0.86. The firm’s fifty day moving average price is $59.31 and its 200-day moving average price is $57.50.

Institutional Trading of Hartford Multifactor US Equity ETF

Several institutional investors have recently modified their holdings of the company. NorthRock Partners LLC acquired a new position in Hartford Multifactor US Equity ETF during the third quarter worth about $94,277,000. Hartford Funds Management Co LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 0.3% in the 2nd quarter. Hartford Funds Management Co LLC now owns 914,370 shares of the company’s stock worth $49,093,000 after purchasing an additional 2,381 shares during the last quarter. LPL Financial LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 11.0% in the 4th quarter. LPL Financial LLC now owns 675,705 shares of the company’s stock worth $38,995,000 after purchasing an additional 66,847 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Hartford Multifactor US Equity ETF by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 213,773 shares of the company’s stock worth $12,290,000 after purchasing an additional 14,582 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Hartford Multifactor US Equity ETF by 14.4% during the third quarter. Raymond James Financial Inc. now owns 188,475 shares of the company’s stock valued at $10,835,000 after purchasing an additional 23,675 shares during the last quarter.

About Hartford Multifactor US Equity ETF

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.