Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 52-Week High – Should You Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $68.94 and last traded at $68.94, with a volume of 3615 shares. The stock had previously closed at $68.06.

Hartford Multifactor US Equity ETF Price Performance

The firm has a 50-day simple moving average of $66.81 and a 200-day simple moving average of $63.58. The firm has a market capitalization of $725.55 million, a PE ratio of 18.12 and a beta of 0.83.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

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

About Hartford Multifactor US Equity ETF

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.