Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Strong Trading Volume – Still a Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares saw unusually-high trading volume on Tuesday . Approximately 41,934 shares changed hands during trading, an increase of 126% from the previous session’s volume of 18,540 shares.The stock last traded at $59.23 and had previously closed at $58.58.

Hartford Multifactor US Equity ETF Stock Down 0.1%

The company has a market cap of $509.26 million, a PE ratio of 18.12 and a beta of 0.86. The stock’s 50 day simple moving average is $57.84 and its two-hundred day simple moving average is $56.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Hartford Multifactor US Equity ETF during the second quarter worth about $54,000. Allworth Financial LP lifted its stake in shares of Hartford Multifactor US Equity ETF by 224.7% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock valued at $79,000 after purchasing an additional 946 shares in the last quarter. Keystone Financial Group purchased a new stake in shares of Hartford Multifactor US Equity ETF during the 3rd quarter worth about $93,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Hartford Multifactor US Equity ETF during the 2nd quarter worth approximately $236,000. Finally, Jane Street Group LLC increased its position in Hartford Multifactor US Equity ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock worth $294,000 after purchasing an additional 1,830 shares in the last quarter.

About Hartford Multifactor US Equity ETF

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.