Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 1-Year High – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.33 and last traded at $66.24, with a volume of 33394 shares changing hands. The stock had previously closed at $65.76.

Hartford Multifactor US Equity ETF Trading Up 0.7%

The company has a market capitalization of $612.72 million, a PE ratio of 18.12 and a beta of 0.84. The stock’s 50-day moving average is $62.06 and its two-hundred day moving average is $60.19.

Institutional Trading of Hartford Multifactor US Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROUS. Allworth Financial LP raised its position in Hartford Multifactor US Equity ETF by 224.7% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock worth $79,000 after purchasing an additional 946 shares during the period. Keystone Financial Group purchased a new stake in Hartford Multifactor US Equity ETF in the 3rd quarter worth about $93,000. International Assets Investment Management LLC purchased a new stake in Hartford Multifactor US Equity ETF in the 1st quarter worth about $94,000. Optima Capital LLC purchased a new stake in Hartford Multifactor US Equity ETF in the 4th quarter worth about $100,000. Finally, UMB Bank n.a. purchased a new stake in Hartford Multifactor US Equity ETF in the 4th quarter worth about $153,000.

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.