Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 12-Month High – Here’s Why

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.49 and last traded at $63.49, with a volume of 23992 shares traded. The stock had previously closed at $62.52.

Hartford Multifactor US Equity ETF Trading Down 0.2%

The firm has a market cap of $586.27 million, a price-to-earnings ratio of 18.12 and a beta of 0.84. The company’s 50-day moving average is $60.84 and its 200-day moving average is $59.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROUS. Royal Bank of Canada boosted its stake in Hartford Multifactor US Equity ETF by 313.5% in the first quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock valued at $3,107,000 after acquiring an additional 46,437 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Hartford Multifactor US Equity ETF in the first quarter valued at about $298,000. Jane Street Group LLC boosted its stake in Hartford Multifactor US Equity ETF by 46.2% in 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 last quarter. NewEdge Advisors LLC boosted its stake in Hartford Multifactor US Equity ETF by 18.4% in 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 last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Hartford Multifactor US Equity ETF by 32.2% in the second quarter. Main Street Financial Solutions LLC now owns 25,135 shares of the company’s stock valued at $1,349,000 after acquiring an additional 6,121 shares during the last quarter.

Hartford Multifactor US Equity ETF Company Profile

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.