Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Strong Trading Volume – Time to Buy?

Shares of Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-high trading volume on Friday. Approximately 128,468 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 94,376 shares. The stock last traded at $42.1050 and had previously closed at $42.17.

Hartford Multifactor Developed Markets (ex-US) ETF Trading Down 0.6%

The company has a 50-day moving average price of $41.69 and a 200 day moving average price of $40.74. The stock has a market capitalization of $1.67 billion, a P/E ratio of -97.52 and a beta of 0.64.

Institutional Trading of Hartford Multifactor Developed Markets (ex-US) ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 881.0% during the 3rd quarter. International Assets Investment Management LLC now owns 50,000 shares of the exchange traded fund’s stock worth $2,038,000 after acquiring an additional 44,903 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 11.0% during the 1st quarter. Royal Bank of Canada now owns 226,226 shares of the exchange traded fund’s stock worth $8,918,000 after purchasing an additional 22,504 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter valued at $656,000. Bank of America Corp DE lifted its stake in shares of 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 worth $103,455,000 after purchasing an additional 15,122 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 21.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 61,174 shares of the exchange traded fund’s stock worth $2,472,000 after buying an additional 10,666 shares during the period. Institutional investors and hedge funds own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

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.