Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sets New 1-Year High – Time to Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) shares reached a new 52-week high on Tuesday . The company traded as high as $37.54 and last traded at $37.4250, with a volume of 19074 shares. The stock had previously closed at $37.42.

Hartford Multifactor Developed Markets (ex-US) ETF Price Performance

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -87.08 and a beta of 0.72. The firm has a fifty day moving average of $36.45 and a 200 day moving average of $35.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 776.5% during the third quarter. Farther Finance Advisors LLC now owns 1,420 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 1,258 shares during the period. Private Trust Co. NA increased its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 15.9% during the 2nd quarter. Private Trust Co. NA now owns 2,415 shares of the exchange traded fund’s stock worth $82,000 after buying an additional 331 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the 3rd quarter valued at approximately $86,000. Keystone Financial Group acquired a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the third quarter valued at approximately $189,000. Finally, JPMorgan Chase & Co. grew its position in Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock worth $199,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.