Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Reaches New 12-Month High – What’s Next?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.93 and last traded at $38.83, with a volume of 144307 shares. The stock had previously closed at $38.36.

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

The stock’s 50-day moving average is $37.05 and its 200 day moving average is $35.88. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -90.30 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RODM. Private Trust Co. NA raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 15.9% in the second quarter. Private Trust Co. NA now owns 2,415 shares of the exchange traded fund’s stock valued at $82,000 after purchasing an additional 331 shares during the period. Allworth Financial LP grew its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 1.7% in the second quarter. Allworth Financial LP now owns 21,769 shares of the exchange traded fund’s stock worth $742,000 after acquiring an additional 364 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 368 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 92,743 shares of the exchange traded fund’s stock valued at $3,163,000 after acquiring an additional 465 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 2.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,927 shares of the exchange traded fund’s stock valued at $782,000 after acquiring an additional 579 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.