Janney Montgomery Scott LLC Cuts Stake in iShares U.S. Equity Factor ETF $LRGF

Janney Montgomery Scott LLC reduced its position in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 46.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,906 shares of the company’s stock after selling 6,955 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Equity Factor ETF were worth $522,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. First Foundation Advisors lifted its stake in shares of iShares U.S. Equity Factor ETF by 0.9% in the third quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock worth $1,230,000 after buying an additional 167 shares in the last quarter. Cerity Partners LLC increased its position in shares of iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock valued at $3,273,000 after acquiring an additional 175 shares in the last quarter. Cetera Investment Advisers raised its holdings in iShares U.S. Equity Factor ETF by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock worth $1,543,000 after acquiring an additional 194 shares during the last quarter. Savvy Advisors Inc. raised its holdings in iShares U.S. Equity Factor ETF by 4.3% in the 4th quarter. Savvy Advisors Inc. now owns 5,682 shares of the company’s stock worth $395,000 after acquiring an additional 235 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in iShares U.S. Equity Factor ETF by 1.7% in the 3rd quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after acquiring an additional 282 shares in the last quarter.

iShares U.S. Equity Factor ETF Trading Up 0.4%

LRGF stock opened at $76.61 on Thursday. The stock’s 50 day simple moving average is $75.20 and its 200 day simple moving average is $71.27. iShares U.S. Equity Factor ETF has a 12-month low of $63.89 and a 12-month high of $77.15. The stock has a market capitalization of $3.57 billion, a PE ratio of 22.79 and a beta of 0.99.

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.