iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 12-Month High – Here’s What Happened

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) hit a new 52-week high during trading on Tuesday . The company traded as high as $62.01 and last traded at $61.91, with a volume of 3599 shares trading hands. The stock had previously closed at $61.87.

iShares U.S. Equity Factor ETF Trading Down 0.3 %

The company’s fifty day simple moving average is $58.71 and its 200-day simple moving average is $56.50. The stock has a market cap of $2.21 billion, a P/E ratio of 21.21 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Affinity Wealth Management LLC bought a new position in iShares U.S. Equity Factor ETF during the 3rd quarter valued at about $30,351,000. Atomi Financial Group Inc. increased its holdings in iShares U.S. Equity Factor ETF by 53.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 482,654 shares of the company’s stock valued at $28,366,000 after purchasing an additional 167,313 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the second quarter valued at about $8,182,000. Signature Estate & Investment Advisors LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the second quarter worth about $6,639,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Equity Factor ETF during the second quarter valued at approximately $5,726,000.

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.