iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sees Large Volume Increase – Still a Buy?

Shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw an uptick in trading volume on Thursday . 769,987 shares changed hands during trading, an increase of 220% from the previous session’s volume of 240,445 shares.The stock last traded at $74.36 and had previously closed at $74.34.

iShares U.S. Equity Factor ETF Stock Performance

The company’s fifty day simple moving average is $74.18 and its two-hundred day simple moving average is $70.70. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

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

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in iShares U.S. Equity Factor ETF by 1,092.7% in the fourth quarter. Corient Private Wealth LLC now owns 1,526,229 shares of the company’s stock valued at $105,966,000 after buying an additional 1,398,261 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares U.S. Equity Factor ETF by 146.8% during the 2nd quarter. Bank of America Corp DE now owns 770,165 shares of the company’s stock worth $49,391,000 after buying an additional 458,079 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of iShares U.S. Equity Factor ETF by 111.2% in the 3rd quarter. Modern Wealth Management LLC now owns 648,941 shares of the company’s stock worth $44,829,000 after acquiring an additional 341,720 shares in the last quarter. Tolleson Wealth Management Inc. grew its position in shares of iShares U.S. Equity Factor ETF by 11.4% in the 2nd quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock worth $134,655,000 after acquiring an additional 215,653 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of iShares U.S. Equity Factor ETF by 7.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock valued at $180,623,000 after acquiring an additional 180,954 shares during the last quarter.

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.