Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Strong Trading Volume – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) saw unusually-high trading volume on Friday. 133,115 shares changed hands during trading, an increase of 163% from the average daily volume of 50,670 shares. The stock last traded at $66.45 and had previously closed at $66.37.

Hartford Multifactor US Equity ETF Stock Down 0.1%

The company has a market capitalization of $757.76 million, a price-to-earnings ratio of 18.12 and a beta of 0.82. The stock has a fifty day moving average price of $67.73 and a two-hundred day moving average price of $64.79.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. acquired a new stake in shares of Hartford Multifactor US Equity ETF during the 3rd quarter worth $17,867,000. Royal Bank of Canada raised its position in shares of Hartford Multifactor US Equity ETF by 74.0% in the 1st quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock worth $10,706,000 after buying an additional 77,140 shares during the period. NewEdge Advisors LLC raised its position in shares of Hartford Multifactor US Equity ETF by 19.1% in the 1st quarter. NewEdge Advisors LLC now owns 69,954 shares of the company’s stock worth $4,130,000 after buying an additional 11,239 shares during the period. Western Wealth Management LLC boosted its holdings in Hartford Multifactor US Equity ETF by 12.4% in the first quarter. Western Wealth Management LLC now owns 150,426 shares of the company’s stock valued at $8,881,000 after acquiring an additional 16,566 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Hartford Multifactor US Equity ETF in the first quarter valued at $776,000.

Hartford Multifactor US Equity ETF Company Profile

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.