Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 12-Month High – Time to Buy?

Shares of Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) hit a new 52-week high on Wednesday . The stock traded as high as $60.29 and last traded at $60.25, with a volume of 22150 shares. The stock had previously closed at $60.18.

Hartford Multifactor US Equity ETF Price Performance

The stock’s 50 day simple moving average is $58.64 and its two-hundred day simple moving average is $56.99. The firm has a market cap of $535.38 million, a P/E ratio of 18.12 and a beta of 0.86.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Hartford Multifactor US Equity ETF by 313.5% in the first quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock worth $3,107,000 after purchasing an additional 46,437 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Hartford Multifactor US Equity ETF in the 1st quarter worth $298,000. Jane Street Group LLC lifted its position in shares of Hartford Multifactor US Equity ETF by 46.2% in the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hartford Multifactor US Equity ETF in the second quarter valued at about $236,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hartford Multifactor US Equity ETF in the second quarter valued at approximately $652,000.

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.