Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 1-Year High – Should You Buy?

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high during trading on Friday . The company traded as high as $58.44 and last traded at $58.3660, with a volume of 3118 shares traded. The stock had previously closed at $58.09.

Hartford Multifactor US Equity ETF Trading Up 0.5%

The stock has a market capitalization of $524.47 million, a P/E ratio of 18.12 and a beta of 0.86. The company has a fifty day simple moving average of $57.33 and a two-hundred day simple moving average of $55.32.

Institutional Trading of Hartford Multifactor US Equity ETF

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. bought a new position in shares of Hartford Multifactor US Equity ETF in the 2nd quarter valued at about $54,000. Allworth Financial LP grew its stake in Hartford Multifactor US Equity ETF by 224.7% in the third 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 acquired a new position in shares of Hartford Multifactor US Equity ETF during the 3rd quarter worth approximately $93,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hartford Multifactor US Equity ETF during the 2nd quarter worth approximately $236,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Hartford Multifactor US Equity ETF by 10.5% in the 1st quarter. Harbour Investments Inc. now owns 5,172 shares of the company’s stock valued at $262,000 after buying an additional 491 shares during 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.