Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 52-Week High – Should You Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s share price hit a new 52-week high on Thursday . The company traded as high as $68.94 and last traded at $68.94, with a volume of 3615 shares changing hands. The stock had previously closed at $68.06.

Hartford Multifactor US Equity ETF Stock Up 0.6%

The stock has a market capitalization of $725.55 million, a P/E ratio of 18.12 and a beta of 0.83. The company has a fifty day moving average price of $66.81 and a 200-day moving average price of $63.58.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Several institutional investors have recently added to or reduced their stakes in ROUS. Thurston Springer Miller Herd & Titak Inc. increased its stake in Hartford Multifactor US Equity ETF by 21.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,967 shares of the company’s stock worth $1,683,000 after acquiring an additional 4,364 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Hartford Multifactor US Equity ETF by 19.1% during the 1st quarter. NewEdge Advisors LLC now owns 69,954 shares of the company’s stock valued at $4,130,000 after acquiring an additional 11,239 shares during the last quarter. Western Wealth Management LLC grew its holdings in shares of Hartford Multifactor US Equity ETF by 12.4% in the first quarter. Western Wealth Management LLC now owns 150,426 shares of the company’s stock valued at $8,881,000 after purchasing an additional 16,566 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Hartford Multifactor US Equity ETF in the first quarter valued at $776,000. Finally, Royal Bank of Canada grew its holdings in shares of Hartford Multifactor US Equity ETF by 74.0% in the first quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock valued at $10,706,000 after purchasing an additional 77,140 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.