iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Hits New 12-Month High – Still a Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $79.29 and last traded at $79.29, with a volume of 7308 shares traded. The stock had previously closed at $78.76.

iShares U.S. Equity Factor ETF Trading Down 0.2%

The business’s 50-day simple moving average is $76.06 and its 200-day simple moving average is $72.35. The company has a market capitalization of $3.73 billion, a PE ratio of 22.79 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Strategic Financial Services Inc. boosted its holdings in iShares U.S. Equity Factor ETF by 2.7% in the fourth quarter. Strategic Financial Services Inc. now owns 3,912,625 shares of the company’s stock valued at $272,788,000 after purchasing an additional 104,578 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in shares of iShares U.S. Equity Factor ETF by 1.9% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 3,626,489 shares of the company’s stock worth $239,348,000 after buying an additional 67,011 shares during the last quarter. Annex Advisory Services LLC boosted its stake in shares of iShares U.S. Equity Factor ETF by 108.5% in the second quarter. Annex Advisory Services LLC now owns 2,839,647 shares of the company’s stock worth $214,762,000 after buying an additional 1,477,785 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares U.S. Equity Factor ETF by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock worth $180,623,000 after buying an additional 180,954 shares during the last quarter. Finally, Tolleson Wealth Management Inc. grew its holdings in iShares U.S. Equity Factor ETF by 11.4% during the second quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock worth $134,655,000 after acquiring an additional 215,653 shares during the period.

About iShares U.S. Equity Factor ETF

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.