iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 52-Week High – Should You Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $75.04 and last traded at $75.04, with a volume of 1208 shares changing hands. The stock had previously closed at $74.58.

iShares U.S. Equity Factor ETF Stock Performance

The stock has a fifty day moving average price of $69.85 and a 200-day moving average price of $69.54. The firm has a market capitalization of $3.39 billion, a PE ratio of 22.79 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LRGF. AQR Capital Management LLC increased its holdings in shares of iShares U.S. Equity Factor ETF by 48.0% in the 1st quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock valued at $3,975,000 after acquiring an additional 22,261 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of iShares U.S. Equity Factor ETF in the 1st quarter valued at $2,568,000. Jane Street Group LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 1st quarter valued at $2,041,000. Cerity Partners LLC increased its holdings in shares of iShares U.S. Equity Factor ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock valued at $3,273,000 after acquiring an additional 175 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of iShares U.S. Equity Factor ETF in the 2nd quarter valued at $376,000.

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.