Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 12-Month High – Should You Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $64.74 and last traded at $64.52, with a volume of 33483 shares trading hands. The stock had previously closed at $64.38.

Hartford Multifactor US Equity ETF Trading Up 0.2%

The company has a market capitalization of $596.81 million, a price-to-earnings ratio of 18.12 and a beta of 0.84. The firm’s 50 day moving average price is $61.12 and its two-hundred day moving average price is $59.62.

Institutional Trading of Hartford Multifactor US Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Hartford Multifactor US Equity ETF by 224.7% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock valued at $79,000 after purchasing an additional 946 shares during the last quarter. Keystone Financial Group bought a new position in Hartford Multifactor US Equity ETF during the third quarter worth $93,000. International Assets Investment Management LLC bought a new position in shares of Hartford Multifactor US Equity ETF in the first quarter valued at $94,000. Optima Capital LLC bought a new position in shares of Hartford Multifactor US Equity ETF during the fourth quarter valued at about $100,000. Finally, UMB Bank n.a. purchased a new stake in Hartford Multifactor US Equity ETF during the fourth quarter worth about $153,000.

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.