Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Large Volume Increase – Should You Buy?

Shares of Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-high trading volume on Friday. 128,468 shares were traded during trading, an increase of 36% from the average daily volume of 94,376 shares. The stock last traded at $42.1050 and had previously closed at $42.17.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Performance

The company has a 50-day moving average of $41.69 and a 200 day moving average of $40.74. The firm has a market cap of $1.67 billion, a P/E ratio of -97.52 and a beta of 0.64.

Hedge Funds Weigh In On Hartford Multifactor Developed Markets (ex-US) ETF

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 1.3% in the second quarter. Allworth Financial LP now owns 20,557 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 261 shares in the last quarter. NewEdge Advisors LLC increased its position in Hartford Multifactor Developed Markets (ex-US) ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 80,263 shares of the exchange traded fund’s stock worth $3,164,000 after buying an additional 343 shares during the last quarter. Eagle Strategies LLC lifted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% during the third quarter. Eagle Strategies LLC now owns 19,742 shares of the exchange traded fund’s stock worth $804,000 after purchasing an additional 398 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 6,710 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 428 shares during the period. Finally, Howard Financial Services LTD. boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 0.9% during the second quarter. Howard Financial Services LTD. now owns 88,991 shares of the exchange traded fund’s stock worth $3,596,000 after acquiring an additional 787 shares in the last quarter. Institutional investors own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.