Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Unusually-High Trading Volume – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-high trading volume on Tuesday . Approximately 265,358 shares traded hands during trading, an increase of 165% from the previous session’s volume of 100,016 shares.The stock last traded at $38.90 and had previously closed at $38.52.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Up 1.0%

The stock has a market cap of $1.40 billion, a P/E ratio of -92.60 and a beta of 0.72. The business’s 50-day simple moving average is $39.51 and its two-hundred day simple moving average is $37.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RODM. Royal Bank of Canada lifted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 18.0% during the first quarter. Royal Bank of Canada now owns 199,968 shares of the exchange traded fund’s stock worth $6,197,000 after acquiring an additional 30,458 shares in the last quarter. Jane Street Group LLC grew its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% in the first quarter. Jane Street Group LLC now owns 70,770 shares of the exchange traded fund’s stock valued at $2,193,000 after purchasing an additional 1,463 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 37.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,266 shares of the exchange traded fund’s stock valued at $657,000 after purchasing an additional 5,223 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 214.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 203,183 shares of the exchange traded fund’s stock valued at $6,929,000 after purchasing an additional 138,657 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of 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 valued at $920,000 after purchasing an additional 9,739 shares during the period. 7.13% of the stock is owned by institutional investors.

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.