Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 52-Week High – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s stock price hit a new 52-week high on Friday . The company traded as high as $60.89 and last traded at $60.8650, with a volume of 6398 shares traded. The stock had previously closed at $59.80.

Hartford Multifactor US Equity ETF Trading Up 2.3%

The firm has a market cap of $532.01 million, a price-to-earnings ratio of 18.12 and a beta of 0.86. The firm’s 50-day moving average is $58.99 and its 200-day moving average is $57.29.

Institutional Trading of Hartford Multifactor US Equity ETF

Large investors have recently added to or reduced their stakes in the company. NorthRock Partners LLC bought a new position in shares of Hartford Multifactor US Equity ETF during the 3rd quarter valued at approximately $94,277,000. Hartford Funds Management Co LLC raised its stake in Hartford Multifactor US Equity ETF by 0.3% during the second quarter. Hartford Funds Management Co LLC now owns 914,370 shares of the company’s stock valued at $49,093,000 after purchasing an additional 2,381 shares in the last quarter. Bank of America Corp DE lifted its position in Hartford Multifactor US Equity ETF by 7.3% during the third quarter. Bank of America Corp DE now owns 213,773 shares of the company’s stock valued at $12,290,000 after purchasing an additional 14,582 shares during the last quarter. Raymond James Financial Inc. lifted its position in Hartford Multifactor US Equity ETF by 14.4% during the third quarter. Raymond James Financial Inc. now owns 188,475 shares of the company’s stock valued at $10,835,000 after purchasing an additional 23,675 shares during the last quarter. Finally, Western Wealth Management LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 6.6% in the 4th quarter. Western Wealth Management LLC now owns 133,860 shares of the company’s stock worth $7,725,000 after buying an additional 8,300 shares in the last quarter.

Hartford Multifactor US Equity ETF Company Profile

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.