Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 1-Year High – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.33 and last traded at $66.24, with a volume of 33394 shares changing hands. The stock had previously closed at $65.76.

Hartford Multifactor US Equity ETF Stock Performance

The firm’s fifty day simple moving average is $62.06 and its 200 day simple moving average is $60.19. The firm has a market cap of $612.72 million, a P/E ratio of 18.12 and a beta of 0.84.

Institutional Trading of Hartford Multifactor US Equity ETF

Several hedge funds have recently made changes to their positions in ROUS. Royal Bank of Canada raised its position in shares of Hartford Multifactor US Equity ETF by 313.5% during the 1st quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock valued at $3,107,000 after buying an additional 46,437 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Hartford Multifactor US Equity ETF during the 1st quarter valued at about $298,000. Jane Street Group LLC raised its position in shares of Hartford Multifactor US Equity ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock valued at $294,000 after buying an additional 1,830 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Hartford Multifactor US Equity ETF by 18.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,488 shares of the company’s stock valued at $1,207,000 after buying an additional 3,502 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Hartford Multifactor US Equity ETF by 32.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 25,135 shares of the company’s stock valued at $1,349,000 after buying an additional 6,121 shares in the last quarter.

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.