Pettinga Financial Advisors LLC Cuts Holdings in iShares U.S. Equity Factor ETF $LRGF

Pettinga Financial Advisors LLC reduced its position in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,597 shares of the company’s stock after selling 13,318 shares during the period. iShares U.S. Equity Factor ETF comprises about 4.9% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Pettinga Financial Advisors LLC owned 0.87% of iShares U.S. Equity Factor ETF worth $30,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LRGF. Halbert Hargrove Global Advisors LLC lifted its stake in iShares U.S. Equity Factor ETF by 2.2% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 3,559,478 shares of the company’s stock valued at $247,135,000 after acquiring an additional 76,631 shares in the last quarter. Elevation Capital Advisory LLC grew its stake in shares of iShares U.S. Equity Factor ETF by 482.3% during the 4th quarter. Elevation Capital Advisory LLC now owns 19,110 shares of the company’s stock worth $1,327,000 after acquiring an additional 15,828 shares in the last quarter. Summit Wealth Group LLC Co. bought a new position in shares of iShares U.S. Equity Factor ETF during the 4th quarter worth approximately $2,162,000. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of iShares U.S. Equity Factor ETF in the fourth quarter valued at approximately $501,000. Finally, Cora Capital Advisors LLC raised its holdings in shares of iShares U.S. Equity Factor ETF by 4.2% in the fourth quarter. Cora Capital Advisors LLC now owns 517,867 shares of the company’s stock valued at $35,956,000 after purchasing an additional 20,812 shares during the last quarter.

iShares U.S. Equity Factor ETF Price Performance

Shares of LRGF stock opened at $78.79 on Monday. The company’s fifty day simple moving average is $75.81 and its 200-day simple moving average is $72.03. The firm has a market cap of $3.71 billion, a PE ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a 12 month low of $63.89 and a 12 month high of $79.06.

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.