iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 12-Month High – Should You Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.29 and last traded at $79.29, with a volume of 7308 shares changing hands. The stock had previously closed at $78.76.

iShares U.S. Equity Factor ETF Trading Up 0.6%

The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99. The company’s 50 day moving average is $75.92 and its 200 day moving average is $72.23.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in iShares U.S. Equity Factor ETF by 48.0% during the 1st quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock worth $3,975,000 after acquiring an additional 22,261 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter worth approximately $2,568,000. Jane Street Group LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter worth approximately $2,041,000. Cerity Partners LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after purchasing an additional 175 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares U.S. Equity Factor ETF during the second quarter worth $376,000.

About iShares U.S. Equity Factor ETF

The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.