iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Hits New 52-Week High – Time to Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as $79.47 and last traded at $79.2360, with a volume of 138962 shares changing hands. The stock had previously closed at $78.57.

iShares U.S. Equity Factor ETF Price Performance

The company has a market cap of $3.74 billion, a P/E ratio of 22.79 and a beta of 0.98. The company’s 50-day moving average is $77.98 and its two-hundred day moving average is $74.63.

Institutional Trading of iShares U.S. Equity Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 1.9% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 3,626,489 shares of the company’s stock worth $239,348,000 after purchasing an additional 67,011 shares during the last quarter. Annex Advisory Services LLC increased its holdings in iShares U.S. Equity Factor ETF by 108.5% in the 2nd quarter. Annex Advisory Services LLC now owns 2,839,647 shares of the company’s stock worth $214,762,000 after buying an additional 1,477,785 shares in the last quarter. Clearwater Capital Advisors LLC increased its holdings in iShares U.S. Equity Factor ETF by 5.7% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,128,442 shares of the company’s stock worth $74,477,000 after buying an additional 60,478 shares in the last quarter. Modern Wealth Management LLC raised its position in iShares U.S. Equity Factor ETF by 22.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,051,355 shares of the company’s stock worth $69,831,000 after buying an additional 194,532 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in iShares U.S. Equity Factor ETF by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 698,956 shares of the company’s stock worth $52,862,000 after buying an additional 40,370 shares during the last quarter.

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.