Parallel Advisors LLC Purchases New Stake in iShares U.S. Equity Factor ETF $LRGF

Parallel Advisors LLC acquired a new stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 171,608 shares of the company’s stock, valued at approximately $13,360,000. Parallel Advisors LLC owned approximately 0.36% of iShares U.S. Equity Factor ETF as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in iShares U.S. Equity Factor ETF in the third quarter worth $285,121,000. Annex Advisory Services LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 3rd quarter worth about $242,232,000. SigFig Wealth Management LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 3rd quarter worth about $222,654,000. Plancorp LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 3rd quarter worth about $168,906,000. Finally, Clearwater Capital Advisors LLC boosted its stake in iShares U.S. Equity Factor ETF by 5.7% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,128,442 shares of the company’s stock worth $74,477,000 after purchasing an additional 60,478 shares in the last quarter.

iShares U.S. Equity Factor ETF Price Performance

iShares U.S. Equity Factor ETF stock traded up $0.26 during mid-day trading on Friday, reaching $74.97. The stock had a trading volume of 269,555 shares, compared to its average volume of 209,311. iShares U.S. Equity Factor ETF has a one year low of $63.89 and a one year high of $79.90. The company has a 50-day moving average price of $78.18 and a two-hundred day moving average price of $74.03. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

iShares U.S. Equity Factor ETF Profile

The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.