Parallel Advisors LLC Boosts Stock Position in iShares U.S. Equity Factor ETF $LRGF

Parallel Advisors LLC boosted its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 6.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 160,291 shares of the company’s stock after purchasing an additional 9,103 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Equity Factor ETF were worth $10,579,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. First Foundation Advisors grew its position in shares of iShares U.S. Equity Factor ETF by 0.9% during the 3rd quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after acquiring an additional 167 shares during the period. Cerity Partners LLC raised its holdings in shares of iShares U.S. Equity Factor ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after purchasing an additional 175 shares during the period. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Equity Factor ETF by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock worth $1,543,000 after purchasing an additional 194 shares during the period. Savvy Advisors Inc. lifted its stake in iShares U.S. Equity Factor ETF by 4.3% in the fourth quarter. Savvy Advisors Inc. now owns 5,682 shares of the company’s stock valued at $395,000 after purchasing an additional 235 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in iShares U.S. Equity Factor ETF by 1.7% in the third quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after purchasing an additional 282 shares during the last quarter.

iShares U.S. Equity Factor ETF Trading Up 1.8%

Shares of NYSEARCA LRGF opened at $78.44 on Wednesday. The stock has a fifty day simple moving average of $75.67 and a two-hundred day simple moving average of $71.85. iShares U.S. Equity Factor ETF has a 1-year low of $63.89 and a 1-year high of $78.59. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

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.