iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 52-Week High – Should You Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $75.04 and last traded at $75.04, with a volume of 1208 shares trading hands. The stock had previously closed at $74.58.

iShares U.S. Equity Factor ETF Stock Up 0.6%

The business has a 50 day moving average of $69.85 and a 200 day moving average of $69.54. The company has a market capitalization of $3.39 billion, a P/E ratio of 22.79 and a beta of 0.98.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Equity Factor ETF during the fourth quarter valued at approximately $25,000. Rockefeller Capital Management L.P. boosted its stake in iShares U.S. Equity Factor ETF by 127.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after buying an additional 285 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at approximately $41,000. Finally, Timmons Wealth Management LLC bought a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at approximately $56,000.

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.