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

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) reached a new 52-week high during trading on Thursday . The stock traded as high as $62.04 and last traded at $61.96, with a volume of 3395 shares trading hands. The stock had previously closed at $61.74.

Hartford Multifactor US Equity ETF Stock Up 1.2%

The company’s 50 day moving average is $60.52 and its 200 day moving average is $59.00. The firm has a market capitalization of $570.32 million, a price-to-earnings ratio of 18.12 and a beta of 0.85.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. NorthRock Partners LLC acquired a new position in shares of Hartford Multifactor US Equity ETF in the third quarter valued at about $94,277,000. Marshall Financial Group LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 12.6% in the fourth quarter. Marshall Financial Group LLC now owns 85,589 shares of the company’s stock valued at $4,939,000 after acquiring an additional 9,579 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hartford Multifactor US Equity ETF by 471.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,949 shares of the company’s stock valued at $1,036,000 after acquiring an additional 14,810 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Hartford Multifactor US Equity ETF by 54.7% in the third quarter. Jones Financial Companies Lllp now owns 87,015 shares of the company’s stock valued at $4,971,000 after acquiring an additional 30,753 shares in the last quarter. Finally, Van Hulzen Asset Management LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 22.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 17,384 shares of the company’s stock valued at $1,003,000 after acquiring an additional 3,141 shares in the last quarter.

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.