Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 12-Month High – Should You Buy?

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.41 and last traded at $59.31, with a volume of 189098 shares changing hands. The stock had previously closed at $58.58.

Hartford Multifactor US Equity ETF Stock Down 0.1%

The stock’s 50-day simple moving average is $57.84 and its 200 day simple moving average is $56.36. The firm has a market cap of $509.26 million, a P/E ratio of 18.12 and a beta of 0.86.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

Several large investors have recently added to or reduced their stakes in the business. Fermata Advisors LLC increased its holdings in Hartford Multifactor US Equity ETF by 0.3% in the fourth quarter. Fermata Advisors LLC now owns 123,516 shares of the company’s stock worth $7,128,000 after purchasing an additional 404 shares in the last quarter. Allworth Financial LP grew its position in shares of Hartford Multifactor US Equity ETF by 224.7% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock worth $79,000 after buying an additional 946 shares during the period. Keystone Financial Group bought a new stake in shares of Hartford Multifactor US Equity ETF in the 3rd quarter valued at $93,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Hartford Multifactor US Equity ETF by 3.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 12,386 shares of the company’s stock valued at $712,000 after acquiring an additional 422 shares during the period. Finally, Citadel Advisors LLC bought a new position in Hartford Multifactor US Equity ETF during the third quarter worth $1,076,000.

About Hartford Multifactor US Equity ETF

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.