Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Hits New 12-Month High – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.89 and last traded at $41.82, with a volume of 65947 shares. The stock had previously closed at $41.61.

Hartford Multifactor Developed Markets (ex-US) ETF Price Performance

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -97.63 and a beta of 0.64. The business’s fifty day simple moving average is $41.00 and its 200 day simple moving average is $40.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 2.0% during the fourth quarter. Cerity Partners LLC now owns 4,037,300 shares of the exchange traded fund’s stock worth $149,279,000 after purchasing an additional 77,331 shares during the period. Bank of America Corp DE increased its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 2,624,425 shares of the exchange traded fund’s stock valued at $103,455,000 after purchasing an additional 15,122 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 179.2% during the fourth quarter. WCG Wealth Advisors LLC now owns 1,698,855 shares of the exchange traded fund’s stock worth $62,817,000 after buying an additional 1,090,433 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 23.4% in the fourth quarter. LPL Financial LLC now owns 1,089,891 shares of the exchange traded fund’s stock valued at $40,299,000 after buying an additional 206,980 shares in the last quarter. Finally, Mariner LLC grew its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 1.9% during the fourth quarter. Mariner LLC now owns 999,238 shares of the exchange traded fund’s stock valued at $36,947,000 after buying an additional 18,256 shares during the last quarter. Institutional investors own 7.13% of the company’s stock.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.