Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Large Volume Increase – Here’s Why

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares saw an uptick in trading volume on Thursday . 136,567 shares traded hands during trading, an increase of 237% from the previous session’s volume of 40,567 shares.The stock last traded at $60.2620 and had previously closed at $60.58.

Hartford Multifactor US Equity ETF Trading Down 0.0%

The company has a market cap of $534.05 million, a price-to-earnings ratio of 18.12 and a beta of 0.86. The firm’s fifty day simple moving average is $58.53 and its 200 day simple moving average is $56.97.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROUS. NorthRock Partners LLC purchased a new stake in shares of Hartford Multifactor US Equity ETF during the third quarter worth approximately $94,277,000. Hartford Funds Management Co LLC boosted its position in Hartford Multifactor US Equity ETF by 0.3% during the second quarter. Hartford Funds Management Co LLC now owns 914,370 shares of the company’s stock worth $49,093,000 after purchasing an additional 2,381 shares in the last quarter. Bank of America Corp DE grew its stake in Hartford Multifactor US Equity ETF by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 213,773 shares of the company’s stock valued at $12,290,000 after acquiring an additional 14,582 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Hartford Multifactor US Equity ETF by 14.4% during the 3rd quarter. Raymond James Financial Inc. now owns 188,475 shares of the company’s stock worth $10,835,000 after purchasing an additional 23,675 shares during the last quarter. Finally, Western Wealth Management LLC lifted its position in shares of Hartford Multifactor US Equity ETF by 7.1% in the second quarter. Western Wealth Management LLC now owns 126,571 shares of the company’s stock valued at $6,796,000 after acquiring an additional 8,445 shares in the last quarter.

About Hartford Multifactor US Equity ETF

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.