Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Hits New 52-Week High – Time to Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high during trading on Tuesday . The company traded as high as $67.96 and last traded at $67.96, with a volume of 24462 shares trading hands. The stock had previously closed at $67.18.

Hartford Multifactor US Equity ETF Stock Performance

The firm has a 50 day moving average price of $66.65 and a two-hundred day moving average price of $63.28. The company has a market cap of $712.00 million, a P/E ratio of 18.12 and a beta of 0.83.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of Hartford Multifactor US Equity ETF during the 1st quarter valued at $94,000. Keystone Financial Group purchased a new position in Hartford Multifactor US Equity ETF during the third quarter worth about $93,000. Optima Capital LLC bought a new position in Hartford Multifactor US Equity ETF in the 4th quarter worth about $100,000. Allworth Financial LP raised its holdings in shares of Hartford Multifactor US Equity ETF by 47.5% in the 4th quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock valued at $116,000 after acquiring an additional 650 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of Hartford Multifactor US Equity ETF in the 4th quarter valued at about $153,000.

Hartford Multifactor US Equity ETF Company Profile

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.