Cardinal Point Capital Management ULC lessened its position in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF – Free Report) by 1.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 731,889 shares of the company’s stock after selling 9,298 shares during the period. iShares U.S. Equity Factor ETF makes up approximately 3.0% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 7th largest position. Cardinal Point Capital Management ULC’s holdings in iShares U.S. Equity Factor ETF were worth $48,305,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares U.S. Equity Factor ETF in the fourth quarter worth about $25,000. Rockefeller Capital Management L.P. grew its position in shares of iShares U.S. Equity Factor ETF by 127.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 285 shares during the period. Ares Financial Consulting LLC acquired a new stake in shares of iShares U.S. Equity Factor ETF during the 4th quarter valued at about $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at about $41,000. Finally, Timmons Wealth Management LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at about $56,000.
iShares U.S. Equity Factor ETF Trading Down 0.2%
NYSEARCA LRGF opened at $74.34 on Thursday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99. The stock has a 50-day moving average of $74.02 and a 200 day moving average of $70.65. iShares U.S. Equity Factor ETF has a twelve month low of $62.74 and a twelve month high of $77.15.
About iShares U.S. Equity Factor ETF
The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.
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