Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sets New 52-Week High – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.48 and last traded at $42.38, with a volume of 12592 shares changing hands. The stock had previously closed at $42.16.

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

The company has a 50-day moving average of $41.31 and a two-hundred day moving average of $40.76. The stock has a market capitalization of $1.65 billion, a PE ratio of -98.21 and a beta of 0.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 199,968 shares of the exchange traded fund’s stock worth $6,197,000 after buying an additional 30,458 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% in the first quarter. Jane Street Group LLC now owns 70,770 shares of the exchange traded fund’s stock worth $2,193,000 after purchasing an additional 1,463 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 56.5% in the second quarter. Osaic Holdings Inc. now owns 26,973 shares of the exchange traded fund’s stock valued at $920,000 after acquiring an additional 9,739 shares in the last quarter. JPMorgan Chase & Co. raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 5,606 shares of the exchange traded fund’s stock worth $199,000 after acquiring an additional 368 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 469,646 shares of the exchange traded fund’s stock valued at $16,684,000 after acquiring an additional 4,023 shares during the last quarter. 7.13% of the stock is owned by hedge funds and other 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.