Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Reaches New 52-Week High – Here’s Why

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s stock price reached a new 52-week high on Thursday . The company traded as high as $60.18 and last traded at $59.85, with a volume of 3110 shares trading hands. The stock had previously closed at $59.74.

Hartford Multifactor US Equity ETF Stock Up 0.4%

The stock has a market cap of $528.80 million, a PE ratio of 18.12 and a beta of 0.86. The stock’s fifty day moving average price is $58.19 and its 200 day moving average price is $56.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Hartford Multifactor US Equity ETF by 313.5% during the first quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock valued at $3,107,000 after purchasing an additional 46,437 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Hartford Multifactor US Equity ETF during the 1st quarter valued at about $298,000. Jane Street Group LLC lifted its stake in Hartford Multifactor US Equity ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock valued at $294,000 after acquiring an additional 1,830 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hartford Multifactor US Equity ETF during the 2nd quarter valued at about $236,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Hartford Multifactor US Equity ETF in the second quarter worth approximately $652,000.

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.