Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Share Price Breaks Above 50 Day Moving Average – Here’s Why

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $67.69 and traded as high as $67.87. Hartford Multifactor US Equity ETF shares last traded at $67.82, with a volume of 67,758 shares changing hands.

Hartford Multifactor US Equity ETF Stock Performance

The stock has a market capitalization of $776.54 million, a price-to-earnings ratio of 18.12 and a beta of 0.82. The company has a fifty day simple moving average of $67.69 and a 200 day simple moving average of $64.91.

Institutional Investors Weigh In On Hartford Multifactor US Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Hartford Multifactor US Equity ETF in the 1st quarter valued at about $94,000. Allworth Financial LP raised its position in Hartford Multifactor US Equity ETF by 31.9% in the 2nd quarter. Allworth Financial LP now owns 2,665 shares of the company’s stock valued at $180,000 after buying an additional 645 shares during the last quarter. CrossGen Wealth LLC bought a new position in shares of Hartford Multifactor US Equity ETF during the third quarter valued at about $247,000. Arkadios Wealth Advisors purchased a new position in shares of Hartford Multifactor US Equity ETF in the 1st quarter worth approximately $776,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Hartford Multifactor US Equity ETF by 21.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,967 shares of the company’s stock worth $1,683,000 after purchasing an additional 4,364 shares during the last quarter.

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.