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

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high during trading on Wednesday . The stock traded as high as $59.41 and last traded at $59.31, with a volume of 189098 shares. The stock had previously closed at $58.58.

Hartford Multifactor US Equity ETF Trading Up 1.2%

The stock has a market cap of $513.03 million, a price-to-earnings ratio of 18.12 and a beta of 0.86. The company’s fifty day moving average is $57.79 and its two-hundred day moving average is $56.33.

Hedge Funds Weigh In On Hartford Multifactor US Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van Hulzen Asset Management LLC grew its position in Hartford Multifactor US Equity ETF by 1.9% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 12,822 shares of the company’s stock valued at $688,000 after acquiring an additional 244 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hartford Multifactor US Equity ETF by 3.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 12,386 shares of the company’s stock valued at $712,000 after purchasing an additional 422 shares during the period. Allworth Financial LP grew its holdings in shares of Hartford Multifactor US Equity ETF by 224.7% in the third quarter. Allworth Financial LP now owns 1,367 shares of the company’s stock valued at $79,000 after purchasing an additional 946 shares in the last quarter. Assetmark Inc. purchased a new stake in Hartford Multifactor US Equity ETF during the 2nd quarter worth approximately $54,000. Finally, Keystone Financial Group acquired a new stake in Hartford Multifactor US Equity ETF during the 3rd quarter worth approximately $93,000.

Hartford Multifactor US Equity ETF Company Profile

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.