Parallel Advisors LLC Buys 9,103 Shares of iShares U.S. Equity Factor ETF $LRGF

Parallel Advisors LLC lifted its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 6.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,291 shares of the company’s stock after acquiring an additional 9,103 shares during the period. Parallel Advisors LLC owned 0.36% of iShares U.S. Equity Factor ETF worth $10,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Financial Services Inc. increased its stake in iShares U.S. Equity Factor ETF by 2.7% in the fourth quarter. Strategic Financial Services Inc. now owns 3,912,625 shares of the company’s stock valued at $272,788,000 after purchasing an additional 104,578 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in shares of iShares U.S. Equity Factor ETF by 1.9% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 3,626,489 shares of the company’s stock valued at $239,348,000 after buying an additional 67,011 shares during the period. Wells Fargo & Company MN increased its position in iShares U.S. Equity Factor ETF by 7.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock valued at $180,623,000 after buying an additional 180,954 shares in the last quarter. Tolleson Wealth Management Inc. increased its position in iShares U.S. Equity Factor ETF by 11.4% in the 2nd quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock valued at $134,655,000 after buying an additional 215,653 shares in the last quarter. Finally, Plancorp LLC increased its position in iShares U.S. Equity Factor ETF by 3.2% in the 4th quarter. Plancorp LLC now owns 1,865,077 shares of the company’s stock valued at $129,492,000 after buying an additional 58,185 shares in the last quarter.

iShares U.S. Equity Factor ETF Stock Performance

LRGF stock opened at $78.44 on Wednesday. The stock’s 50 day simple moving average is $75.67 and its 200 day simple moving average is $71.85. The company has a market cap of $3.69 billion, a P/E ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a fifty-two week low of $63.89 and a fifty-two week high of $78.59.

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.