Summit Wealth Group LLC Co. Buys New Position in iShares U.S. Equity Factor ETF $LRGF

Summit Wealth Group LLC Co. bought a new stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 31,145 shares of the company’s stock, valued at approximately $2,162,000. Summit Wealth Group LLC Co. owned 0.07% of iShares U.S. Equity Factor ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LRGF. Bank of America Corp DE boosted its stake in iShares U.S. Equity Factor ETF by 146.8% during the 2nd quarter. Bank of America Corp DE now owns 770,165 shares of the company’s stock valued at $49,391,000 after purchasing an additional 458,079 shares during the period. Modern Wealth Management LLC boosted its stake in iShares U.S. Equity Factor ETF by 111.2% during the 3rd quarter. Modern Wealth Management LLC now owns 648,941 shares of the company’s stock valued at $44,829,000 after purchasing an additional 341,720 shares during the period. Tolleson Wealth Management Inc. boosted its stake in iShares U.S. Equity Factor ETF by 11.4% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock valued at $134,655,000 after purchasing an additional 215,653 shares during the period. EWA LLC boosted its stake in iShares U.S. Equity Factor ETF by 38.9% during the 3rd quarter. EWA LLC now owns 706,148 shares of the company’s stock valued at $48,781,000 after purchasing an additional 197,867 shares during the period. Finally, DDFG Inc boosted its stake in iShares U.S. Equity Factor ETF by 63.5% during the 3rd quarter. DDFG Inc now owns 357,774 shares of the company’s stock valued at $24,715,000 after purchasing an additional 138,925 shares during the period.

iShares U.S. Equity Factor ETF Stock Down 0.1%

Shares of NYSEARCA:LRGF opened at $73.74 on Wednesday. The business has a 50 day moving average price of $69.08 and a 200 day moving average price of $69.35. iShares U.S. Equity Factor ETF has a twelve month low of $59.75 and a twelve month high of $73.98. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98.

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.