iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 12-Month High – Time to Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $77.48 and last traded at $77.48, with a volume of 6442 shares. The stock had previously closed at $77.02.

iShares U.S. Equity Factor ETF Price Performance

The company has a market capitalization of $3.66 billion, a PE ratio of 22.79 and a beta of 0.99. The firm’s 50 day moving average is $75.61 and its 200 day moving average is $71.79.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter worth $25,000. Rockefeller Capital Management L.P. lifted its holdings in shares of iShares U.S. Equity Factor ETF by 127.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock worth $35,000 after acquiring an additional 285 shares during the last quarter. Ares Financial Consulting LLC bought a new position in shares of iShares U.S. Equity Factor ETF during the fourth quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter worth $41,000. Finally, Timmons Wealth Management LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter worth approximately $56,000.

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.