Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Strong Trading Volume – Here’s What Happened

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) shares saw unusually-high trading volume on Thursday . Approximately 869,983 shares were traded during mid-day trading, an increase of 808% from the previous session’s volume of 95,856 shares.The stock last traded at $40.96 and had previously closed at $40.26.

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

The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -95.35 and a beta of 0.67. The business has a 50 day moving average price of $40.02 and a 200-day moving average price of $38.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RODM. Royal Bank of Canada lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 199,968 shares of the exchange traded fund’s stock valued at $6,197,000 after purchasing an additional 30,458 shares during the period. Jane Street Group LLC raised its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% during the 1st quarter. Jane Street Group LLC now owns 70,770 shares of the exchange traded fund’s stock worth $2,193,000 after buying an additional 1,463 shares during the period. Osaic Holdings Inc. raised its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 56.5% during the 2nd quarter. Osaic Holdings Inc. now owns 26,973 shares of the exchange traded fund’s stock worth $920,000 after buying an additional 9,739 shares during the period. Farther Finance Advisors LLC raised its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 776.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,420 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 1,258 shares during the period. Finally, Goldstein Advisors LLC raised its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.9% during the 3rd quarter. Goldstein Advisors LLC now owns 444,751 shares of the exchange traded fund’s stock worth $15,800,000 after buying an additional 12,491 shares during the period. 7.13% of the stock is owned by institutional investors and hedge funds.

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.