iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sees Unusually-High Trading Volume – Still a Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw an uptick in trading volume on Thursday . 769,987 shares were traded during mid-day trading, an increase of 220% from the previous session’s volume of 240,445 shares.The stock last traded at $74.36 and had previously closed at $74.34.

iShares U.S. Equity Factor ETF Stock Performance

The company has a market capitalization of $3.37 billion, a P/E ratio of 22.79 and a beta of 0.99. The company’s fifty day simple moving average is $74.02 and its 200-day simple moving average is $70.65.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Foundation Advisors increased its holdings in iShares U.S. Equity Factor ETF by 0.9% during the third quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after buying an additional 167 shares during the period. Cerity Partners LLC lifted its holdings in iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after buying an additional 175 shares during the period. Assetmark Inc. boosted its position in iShares U.S. Equity Factor ETF by 19.8% during the 3rd quarter. Assetmark Inc. now owns 1,127 shares of the company’s stock valued at $78,000 after acquiring an additional 186 shares in the last quarter. Cetera Investment Advisers boosted its position in iShares U.S. Equity Factor ETF by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock valued at $1,543,000 after acquiring an additional 194 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its position in iShares U.S. Equity Factor ETF by 4.3% during the 4th quarter. Savvy Advisors Inc. now owns 5,682 shares of the company’s stock valued at $395,000 after acquiring an additional 235 shares in the last quarter.

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.