Royal Bank of Canada Increases Stock Position in iShares U.S. Equity Factor ETF $LRGF

Royal Bank of Canada lifted its holdings in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 11.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 114,447 shares of the company’s stock after purchasing an additional 12,002 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Equity Factor ETF were worth $7,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. First Foundation Advisors boosted its stake in shares of iShares U.S. Equity Factor ETF by 0.9% in the third quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after buying an additional 167 shares in the last quarter. Cerity Partners LLC raised its position in iShares U.S. Equity Factor ETF by 0.3% in the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after acquiring an additional 175 shares in the last quarter. Cetera Investment Advisers raised its position in iShares U.S. Equity Factor ETF by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock worth $1,543,000 after acquiring an additional 194 shares in the last quarter. Advisory Services Network LLC lifted its holdings in iShares U.S. Equity Factor ETF by 1.7% in the third quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after acquiring an additional 282 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in iShares U.S. Equity Factor ETF by 127.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 285 shares during the period.

iShares U.S. Equity Factor ETF Stock Performance

Shares of NYSEARCA LRGF opened at $78.78 on Tuesday. iShares U.S. Equity Factor ETF has a one year low of $63.89 and a one year high of $79.06. The firm has a market capitalization of $3.71 billion, a P/E ratio of 22.79 and a beta of 0.99. The company’s fifty day moving average is $75.85 and its two-hundred day moving average is $72.10.

About iShares U.S. Equity Factor ETF

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.