iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 1-Year High – What’s Next?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) hit a new 52-week high on Monday. The company traded as high as $79.47 and last traded at $79.2360, with a volume of 138962 shares changing hands. The stock had previously closed at $78.57.

iShares U.S. Equity Factor ETF Stock Performance

The business has a 50-day moving average price of $77.98 and a 200 day moving average price of $74.63. The stock has a market capitalization of $3.74 billion, a P/E ratio of 22.79 and a beta of 0.98.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in shares of iShares U.S. Equity Factor ETF by 127.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 285 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in iShares U.S. Equity Factor ETF in the 2nd quarter worth about $222,000. Endeavor Private Wealth Inc. grew its position in iShares U.S. Equity Factor ETF by 6.6% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 3,414 shares of the company’s stock valued at $258,000 after purchasing an additional 210 shares during the last quarter. IFP Advisors Inc grew its position in iShares U.S. Equity Factor ETF by 942.8% during the 2nd quarter. IFP Advisors Inc now owns 3,535 shares of the company’s stock valued at $267,000 after purchasing an additional 3,196 shares during the last quarter. Finally, BetterWealth LLC bought a new stake in iShares U.S. Equity Factor ETF during the 1st quarter valued at about $248,000.

iShares U.S. Equity Factor ETF Company Profile

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.