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

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) saw unusually-strong trading volume on Wednesday . Approximately 239,899 shares changed hands during trading, an increase of 453% from the previous session’s volume of 43,368 shares.The stock last traded at $68.20 and had previously closed at $68.44.

Hartford Multifactor US Equity ETF Trading Up 0.5%

The company has a market cap of $716.41 million, a price-to-earnings ratio of 18.12 and a beta of 0.83. The stock has a 50-day simple moving average of $66.68 and a 200-day simple moving average of $63.34.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Hartford Multifactor US Equity ETF by 313.5% during the 1st quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock valued at $3,107,000 after buying an additional 46,437 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Hartford Multifactor US Equity ETF in the first quarter valued at approximately $298,000. Jane Street Group LLC increased its stake in shares of Hartford Multifactor US Equity ETF by 46.2% during the first quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock valued at $294,000 after acquiring an additional 1,830 shares during the period. NewEdge Advisors LLC increased its stake in shares of Hartford Multifactor US Equity ETF by 18.4% during the second quarter. NewEdge Advisors LLC now owns 22,488 shares of the company’s stock valued at $1,207,000 after acquiring an additional 3,502 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in Hartford Multifactor US Equity ETF by 32.2% during the second quarter. Main Street Financial Solutions LLC now owns 25,135 shares of the company’s stock worth $1,349,000 after purchasing an additional 6,121 shares in the last quarter.

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.