Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Strong Trading Volume – Should You Buy?

Shares of Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) saw unusually-high trading volume on Friday . Approximately 94,312 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 89,278 shares.The stock last traded at $37.15 and had previously closed at $37.13.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Performance

The stock has a market capitalization of $1.32 billion, a P/E ratio of -86.40 and a beta of 0.72. The business has a fifty day simple moving average of $36.24 and a 200-day simple moving average of $35.28.

Hedge Funds Weigh In On Hartford Multifactor Developed Markets (ex-US) ETF

Large investors have recently modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 15.9% in the second quarter. Private Trust Co. NA now owns 2,415 shares of the exchange traded fund’s stock valued at $82,000 after buying an additional 331 shares in the last quarter. Allworth Financial LP lifted its position in Hartford Multifactor Developed Markets (ex-US) ETF by 1.7% in the 2nd quarter. Allworth Financial LP now owns 21,769 shares of the exchange traded fund’s stock valued at $742,000 after acquiring an additional 364 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock valued at $199,000 after acquiring an additional 368 shares in the last quarter. Cetera Investment Advisers boosted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 92,743 shares of the exchange traded fund’s stock valued at $3,163,000 after purchasing an additional 465 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 2.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,927 shares of the exchange traded fund’s stock worth $782,000 after purchasing an additional 579 shares in the last quarter. 7.13% of the stock is currently owned by institutional investors.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.