Raymond James Financial Inc. Trims Stock Position in iShares U.S. Equity Factor ETF $LRGF

Raymond James Financial Inc. cut its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,259 shares of the company’s stock after selling 9,083 shares during the quarter. Raymond James Financial Inc. owned about 0.30% of iShares U.S. Equity Factor ETF worth $6,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in LRGF. Guardian Wealth Advisors LLC NC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the fourth quarter worth $27,000. Spire Wealth Management bought a new position in iShares U.S. Equity Factor ETF in the 1st quarter worth about $64,000. Morse Asset Management Inc purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at about $161,000. Flagship Private Wealth LLC boosted its position in shares of iShares U.S. Equity Factor ETF by 4.6% during the 1st quarter. Flagship Private Wealth LLC now owns 4,525 shares of the company’s stock valued at $262,000 after acquiring an additional 198 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of iShares U.S. Equity Factor ETF by 223.1% during the first quarter. Assetmark Inc. now owns 4,807 shares of the company’s stock worth $278,000 after purchasing an additional 3,319 shares in the last quarter.

iShares U.S. Equity Factor ETF Trading Down 0.6%

LRGF stock opened at $66.41 on Wednesday. The company’s 50 day moving average is $65.49 and its 200 day moving average is $61.39. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98. iShares U.S. Equity Factor ETF has a 1-year low of $49.97 and a 1-year high of $67.30.

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.