Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) saw unusually-high trading volume on Wednesday . Approximately 239,899 shares changed hands during mid-day trading, an increase of 453% from the previous session’s volume of 43,368 shares.The stock last traded at $68.20 and had previously closed at $68.44.

Hartford Multifactor US Equity ETF Price Performance

The business has a fifty day moving average of $66.61 and a 200-day moving average of $63.22. The stock has a market capitalization of $716.94 million, a price-to-earnings ratio of 18.12 and a beta of 0.83.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROUS. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Hartford Multifactor US Equity ETF by 21.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,967 shares of the company’s stock valued at $1,683,000 after purchasing an additional 4,364 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Hartford Multifactor US Equity ETF by 19.1% during the first quarter. NewEdge Advisors LLC now owns 69,954 shares of the company’s stock worth $4,130,000 after purchasing an additional 11,239 shares during the period. Western Wealth Management LLC grew its position in Hartford Multifactor US Equity ETF by 12.4% during the first quarter. Western Wealth Management LLC now owns 150,426 shares of the company’s stock valued at $8,881,000 after purchasing an additional 16,566 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Hartford Multifactor US Equity ETF in the 1st quarter valued at approximately $776,000. Finally, Royal Bank of Canada increased its stake in Hartford Multifactor US Equity ETF by 74.0% in the 1st quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock valued at $10,706,000 after buying an additional 77,140 shares during the period.

Hartford Multifactor US Equity ETF Company Profile

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.