Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sets New 12-Month High – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.53 and last traded at $41.51, with a volume of 44175 shares. The stock had previously closed at $41.09.

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

The company has a market capitalization of $1.51 billion, a PE ratio of -96.70 and a beta of 0.65. The firm’s 50-day simple moving average is $40.18 and its 200 day simple moving average is $38.62.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter valued at about $39,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the 4th quarter worth approximately $49,000. Webster Bank N. A. acquired a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the 1st quarter worth approximately $60,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the 4th quarter valued at approximately $74,000. Finally, Root Financial Partners LLC purchased a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors 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.