Parallel Advisors LLC Purchases New Position in iShares U.S. Equity Factor ETF $LRGF

Parallel Advisors LLC acquired a new position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 171,608 shares of the company’s stock, valued at approximately $13,360,000.

A number of other hedge funds also recently added to or reduced their stakes in LRGF. Triumph Capital Management bought a new position in iShares U.S. Equity Factor ETF in the 3rd quarter valued at approximately $26,000. Rockefeller Capital Management L.P. increased 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 purchasing an additional 285 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of iShares U.S. Equity Factor ETF in the 3rd quarter worth $68,000. Latitude Advisors LLC bought a new stake in shares of iShares U.S. Equity Factor ETF in the 3rd quarter worth $70,000. Finally, Barrett & Company Inc. purchased a new position in shares of iShares U.S. Equity Factor ETF in the third quarter worth $93,000.

iShares U.S. Equity Factor ETF Stock Performance

Shares of LRGF stock traded up $0.26 during mid-day trading on Friday, hitting $74.97. The company’s stock had a trading volume of 269,555 shares, compared to its average volume of 209,311. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a 52-week low of $63.89 and a 52-week high of $79.90. The business has a 50-day moving average price of $78.18 and a 200 day moving average price of $74.03.

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.