Modern Wealth Management LLC Invests $13.98 Million in iShares U.S. Equity Factor ETF $LRGF

Modern Wealth Management LLC bought a new position in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 241,441 shares of the company’s stock, valued at approximately $13,975,000. Modern Wealth Management LLC owned approximately 0.61% of iShares U.S. Equity Factor ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 3,714.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 801 shares of the company’s stock worth $46,000 after buying an additional 780 shares in the last quarter. Spire Wealth Management purchased a new position in shares of iShares U.S. Equity Factor ETF during the 1st quarter worth approximately $64,000. Flagship Private Wealth LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 4.6% during the 1st quarter. Flagship Private Wealth LLC now owns 4,525 shares of the company’s stock worth $262,000 after buying an additional 198 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares U.S. Equity Factor ETF by 223.1% during the 1st quarter. Assetmark Inc. now owns 4,807 shares of the company’s stock worth $278,000 after buying an additional 3,319 shares in the last quarter. Finally, JGP Wealth Management LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 15.7% during the 1st quarter. JGP Wealth Management LLC now owns 5,435 shares of the company’s stock worth $315,000 after buying an additional 739 shares in the last quarter.

iShares U.S. Equity Factor ETF Trading Up 0.9%

Shares of LRGF stock opened at $68.32 on Friday. iShares U.S. Equity Factor ETF has a 12-month low of $49.97 and a 12-month high of $68.39. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98. The stock has a 50 day simple moving average of $65.98 and a 200-day simple moving average of $61.61.

iShares U.S. Equity Factor ETF 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.