Commonwealth Equity Services LLC Makes New $9.65 Million Investment in iShares U.S. Equity Factor ETF $LRGF

Commonwealth Equity Services LLC purchased a new position in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 123,981 shares of the company’s stock, valued at approximately $9,652,000.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares U.S. Equity Factor ETF during the 3rd quarter valued at about $26,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of iShares U.S. Equity Factor ETF in the third quarter valued at about $68,000. Latitude Advisors LLC acquired a new stake in iShares U.S. Equity Factor ETF during the third quarter worth about $70,000. Barrett & Company Inc. acquired a new stake in iShares U.S. Equity Factor ETF during the third quarter worth about $93,000. Finally, LexAurum Advisors LLC acquired a new stake in iShares U.S. Equity Factor ETF during the third quarter worth about $215,000.

iShares U.S. Equity Factor ETF Price Performance

Shares of LRGF stock opened at $77.19 on Friday. The firm’s 50-day moving average is $78.09 and its two-hundred day moving average is $74.18. iShares U.S. Equity Factor ETF has a 12 month low of $63.89 and a 12 month high of $79.90. The company has a market capitalization of $3.67 billion, a PE ratio of 22.17 and a beta of 0.99.

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.