Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Hits New 12-Month High – Time to Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) hit a new 52-week high during trading on Monday . The company traded as high as $37.46 and last traded at $37.43, with a volume of 19274 shares changing hands. The stock had previously closed at $37.39.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Down 0.1%

The stock’s 50 day moving average price is $36.09 and its two-hundred day moving average price is $35.21. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -86.84 and a beta of 0.72.

Hedge Funds Weigh In On Hartford Multifactor Developed Markets (ex-US) ETF

Several institutional investors have recently made changes to their positions in RODM. Farther Finance Advisors LLC raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 776.5% in the third quarter. Farther Finance Advisors LLC now owns 1,420 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 1,258 shares during the period. Private Trust Co. NA boosted its position in shares of 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 worth $82,000 after buying an additional 331 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the third quarter worth about $86,000. Keystone Financial Group acquired a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the third quarter valued at about $189,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock valued at $199,000 after buying an additional 368 shares during the period. 7.13% of the stock is owned by hedge funds and other institutional investors.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

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.