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

Shares of Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-high trading volume on Friday . Approximately 260,836 shares changed hands during mid-day trading, an increase of 161% from the previous session’s volume of 99,759 shares.The stock last traded at $40.6050 and had previously closed at $40.52.

Hartford Multifactor Developed Markets (ex-US) ETF Trading Up 0.3%

The firm’s fifty day moving average price is $38.21 and its 200-day moving average price is $36.52. The company has a market cap of $1.43 billion, a P/E ratio of -94.51 and a beta of 0.72.

Institutional Trading of Hartford Multifactor Developed Markets (ex-US) ETF

A number of hedge funds have recently modified their holdings of RODM. WCG Wealth Advisors LLC grew its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 179.2% during the 4th quarter. WCG Wealth Advisors LLC now owns 1,698,855 shares of the exchange traded fund’s stock worth $62,817,000 after purchasing an additional 1,090,433 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 59.1% during the third quarter. Raymond James Financial Inc. now owns 892,015 shares of the exchange traded fund’s stock worth $31,689,000 after buying an additional 331,480 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Hartford Multifactor Developed Markets (ex-US) ETF in the 3rd quarter valued at $11,161,000. LPL Financial LLC raised its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 23.4% in the 4th quarter. LPL Financial LLC now owns 1,089,891 shares of the exchange traded fund’s stock valued at $40,299,000 after buying an additional 206,980 shares in the last quarter. Finally, Vawter Financial Ltd. acquired a new position in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the 3rd quarter valued at $5,075,000. Institutional investors own 7.13% of the company’s stock.

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.