NewEdge Advisors LLC Purchases 10,544 Shares of iShares U.S. Equity Factor ETF $LRGF

NewEdge Advisors LLC raised its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 66.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,305 shares of the company’s stock after acquiring an additional 10,544 shares during the period. NewEdge Advisors LLC owned approximately 0.06% of iShares U.S. Equity Factor ETF worth $1,736,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of iShares U.S. Equity Factor ETF by 11.7% during the first quarter. Royal Bank of Canada now owns 114,447 shares of the company’s stock worth $7,553,000 after purchasing an additional 12,002 shares during the period. Intelligence Driven Advisers LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 8.4% in the 1st quarter. Intelligence Driven Advisers LLC now owns 23,461 shares of the company’s stock worth $1,548,000 after purchasing an additional 1,823 shares in the last quarter. Modern Wealth Management LLC grew its position in iShares U.S. Equity Factor ETF by 22.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,051,355 shares of the company’s stock valued at $69,831,000 after purchasing an additional 194,532 shares during the period. Clearwater Capital Advisors LLC grew its position in iShares U.S. Equity Factor ETF by 5.7% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,128,442 shares of the company’s stock valued at $74,477,000 after purchasing an additional 60,478 shares during the period. Finally, Maimon Wealth Management LTD. grew its position in iShares U.S. Equity Factor ETF by 30.2% in the 1st quarter. Maimon Wealth Management LTD. now owns 27,905 shares of the company’s stock valued at $1,790,000 after purchasing an additional 6,465 shares during the period.

iShares U.S. Equity Factor ETF Trading Up 0.7%

Shares of LRGF stock opened at $76.10 on Friday. The firm has a fifty day simple moving average of $75.57 and a two-hundred day simple moving average of $71.73. iShares U.S. Equity Factor ETF has a 12 month low of $63.89 and a 12 month high of $77.15. The firm has a market capitalization of $3.58 billion, a PE ratio of 22.79 and a beta of 0.99.

About iShares U.S. Equity Factor ETF

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.