iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 1-Year High – What’s Next?

Shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) hit a new 52-week high on Tuesday . The company traded as high as $77.48 and last traded at $77.48, with a volume of 6442 shares traded. The stock had previously closed at $77.02.

iShares U.S. Equity Factor ETF Price Performance

The stock has a market capitalization of $3.69 billion, a PE ratio of 22.79 and a beta of 0.99. The company has a 50 day moving average price of $75.72 and a 200-day moving average price of $71.91.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter worth about $25,000. Rockefeller Capital Management L.P. increased its position in shares of iShares U.S. Equity Factor ETF by 127.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after buying an additional 285 shares during the period. Ares Financial Consulting LLC bought a new position in iShares U.S. Equity Factor ETF in the fourth quarter worth about $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in iShares U.S. Equity Factor ETF in the fourth quarter worth about $41,000. Finally, Timmons Wealth Management LLC bought a new position in iShares U.S. Equity Factor ETF in the fourth quarter worth about $56,000.

iShares U.S. Equity Factor ETF Company Profile

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.