iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 1-Year High – What’s Next?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) shares reached a new 52-week high on Tuesday . The company traded as high as $73.98 and last traded at $73.85, with a volume of 73384 shares traded. The stock had previously closed at $73.74.

iShares U.S. Equity Factor ETF Price Performance

The stock has a market cap of $3.33 billion, a P/E ratio of 22.79 and a beta of 0.98. The firm’s 50-day moving average price is $68.99 and its 200-day moving average price is $69.31.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of LRGF. AQR Capital Management LLC raised its position in shares of iShares U.S. Equity Factor ETF by 48.0% during the first quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock valued at $3,975,000 after buying an additional 22,261 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter valued at approximately $2,568,000. Jane Street Group LLC bought a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter valued at approximately $2,041,000. Cerity Partners LLC raised its position in shares of iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock valued at $3,273,000 after buying an additional 175 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in iShares U.S. Equity Factor ETF in the second quarter worth $376,000.

iShares U.S. Equity Factor ETF Company 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.