Pettinga Financial Advisors LLC Reduces Stake in iShares U.S. Equity Factor ETF $LRGF

Pettinga Financial Advisors LLC cut its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 402,597 shares of the company’s stock after selling 13,318 shares during the period. iShares U.S. Equity Factor ETF accounts for about 4.9% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Pettinga Financial Advisors LLC’s holdings in iShares U.S. Equity Factor ETF were worth $30,448,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in shares of iShares U.S. Equity Factor ETF by 127.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock worth $35,000 after purchasing an additional 285 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the fourth quarter valued at $41,000. Timmons Wealth Management LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the fourth quarter valued at $56,000. Finally, Key Financial Inc bought a new position in shares of iShares U.S. Equity Factor ETF in the fourth quarter valued at $60,000.

iShares U.S. Equity Factor ETF Stock Performance

Shares of LRGF opened at $78.79 on Monday. The company’s fifty day simple moving average is $75.81 and its 200 day simple moving average is $72.03. iShares U.S. Equity Factor ETF has a 1-year low of $63.89 and a 1-year high of $79.06. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

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.