Royal Bank of Canada Boosts Holdings in iShares U.S. Equity Factor ETF $LRGF

Royal Bank of Canada increased its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,447 shares of the company’s stock after acquiring an additional 12,002 shares during the quarter. Royal Bank of Canada owned about 0.25% of iShares U.S. Equity Factor ETF worth $7,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Intelligence Driven Advisers LLC boosted its stake in iShares U.S. Equity Factor ETF by 8.4% in the first quarter. Intelligence Driven Advisers LLC now owns 23,461 shares of the company’s stock valued at $1,548,000 after acquiring an additional 1,823 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of iShares U.S. Equity Factor ETF by 22.7% in the first quarter. Modern Wealth Management LLC now owns 1,051,355 shares of the company’s stock valued at $69,831,000 after purchasing an additional 194,532 shares during the period. Clearwater Capital Advisors LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 5.7% during the first 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 during the last quarter. Maimon Wealth Management LTD. raised its stake in shares of iShares U.S. Equity Factor ETF by 30.2% during the first quarter. Maimon Wealth Management LTD. now owns 27,905 shares of the company’s stock worth $1,790,000 after purchasing an additional 6,465 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 6.0% during the first quarter. Parallel Advisors LLC now owns 160,291 shares of the company’s stock worth $10,579,000 after purchasing an additional 9,103 shares during the period.

iShares U.S. Equity Factor ETF Price Performance

NYSEARCA:LRGF opened at $78.78 on Tuesday. The firm’s fifty day moving average price is $75.85 and its 200 day moving average price is $72.10. iShares U.S. Equity Factor ETF has a 1-year low of $63.89 and a 1-year high of $79.06. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

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.