NewEdge Advisors LLC Has $1.74 Million Stake in iShares U.S. Equity Factor ETF $LRGF

NewEdge Advisors LLC grew its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 66.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 26,305 shares of the company’s stock after purchasing an additional 10,544 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Equity Factor ETF were worth $1,736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Foundation Advisors lifted its holdings in shares of iShares U.S. Equity Factor ETF by 0.9% in the third quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after purchasing an additional 167 shares in the last quarter. Cerity Partners LLC grew 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 in the last quarter. Cetera Investment Advisers grew its holdings in iShares U.S. Equity Factor ETF by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock worth $1,543,000 after buying an additional 194 shares in the last quarter. Savvy Advisors Inc. raised its position in iShares U.S. Equity Factor ETF by 4.3% in the 4th quarter. Savvy Advisors Inc. now owns 5,682 shares of the company’s stock valued at $395,000 after buying an additional 235 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in iShares U.S. Equity Factor ETF by 1.7% in the 3rd quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after buying an additional 282 shares during the last quarter.

iShares U.S. Equity Factor ETF Trading Up 0.7%

Shares of NYSEARCA:LRGF opened at $76.10 on Friday. The stock’s fifty day simple moving average is $75.57 and its two-hundred day simple moving average is $71.73. iShares U.S. Equity Factor ETF has a 1-year low of $63.89 and a 1-year high of $77.15. The stock has a market cap of $3.58 billion, a PE ratio of 22.79 and a beta of 0.99.

iShares U.S. Equity Factor ETF 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.