Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Reaches New 52-Week High – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $37.34 and last traded at $37.16, with a volume of 94426 shares. The stock had previously closed at $36.99.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Up 0.5%

The stock’s 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $35.12. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -86.42 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 15.9% in the 2nd quarter. Private Trust Co. NA now owns 2,415 shares of the exchange traded fund’s stock worth $82,000 after buying an additional 331 shares during the last quarter. Allworth Financial LP lifted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 1.7% in the 2nd quarter. Allworth Financial LP now owns 21,769 shares of the exchange traded fund’s stock worth $742,000 after purchasing an additional 364 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 368 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 92,743 shares of the exchange traded fund’s stock valued at $3,163,000 after buying an additional 465 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,927 shares of the exchange traded fund’s stock worth $782,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 7.13% of the company’s stock.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

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.