iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Hits New 12-Month High – Time to Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $60.80 and last traded at $60.74, with a volume of 2374 shares trading hands. The stock had previously closed at $59.43.

iShares U.S. Equity Factor ETF Price Performance

The firm has a fifty day moving average of $58.46 and a two-hundred day moving average of $56.26. The stock has a market capitalization of $2.18 billion, a P/E ratio of 21.21 and a beta of 1.02.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in iShares U.S. Equity Factor ETF by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,819 shares of the company’s stock worth $475,000 after buying an additional 388 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares U.S. Equity Factor ETF by 38.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,365 shares of the company’s stock worth $396,000 after purchasing an additional 2,037 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in iShares U.S. Equity Factor ETF during the first quarter valued at about $9,604,000. NorthRock Partners LLC bought a new stake in iShares U.S. Equity Factor ETF during the first quarter valued at about $302,000. Finally, Columbus Macro LLC bought a new position in iShares U.S. Equity Factor ETF in the second quarter worth about $231,000.

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.