Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 12-Month High – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high on Thursday . The company traded as high as $64.91 and last traded at $64.89, with a volume of 29567 shares traded. The stock had previously closed at $64.65.

Hartford Multifactor US Equity ETF Trading Up 0.5%

The company has a market capitalization of $601.16 million, a PE ratio of 18.12 and a beta of 0.84. The business’s fifty day moving average is $61.59 and its two-hundred day moving average is $59.95.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

A number of hedge funds have recently added to or reduced their stakes in ROUS. Royal Bank of Canada raised its holdings in Hartford Multifactor US Equity ETF by 313.5% in the 1st quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock worth $3,107,000 after acquiring an additional 46,437 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Hartford Multifactor US Equity ETF in the 1st quarter worth approximately $298,000. Jane Street Group LLC raised its stake in Hartford Multifactor US Equity ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock valued at $294,000 after buying an additional 1,830 shares during the last quarter. NewEdge Advisors LLC raised its stake in Hartford Multifactor US Equity ETF by 18.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,488 shares of the company’s stock valued at $1,207,000 after buying an additional 3,502 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Hartford Multifactor US Equity ETF by 32.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 25,135 shares of the company’s stock valued at $1,349,000 after buying an additional 6,121 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.