Kestra Investment Management LLC Increases Stake in iShares U.S. Equity Factor ETF $LRGF

Kestra Investment Management LLC lifted its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 478,100 shares of the company’s stock after acquiring an additional 41,426 shares during the quarter. iShares U.S. Equity Factor ETF accounts for 0.9% of Kestra Investment Management LLC’s portfolio, making the stock its 28th largest position. Kestra Investment Management LLC owned about 1.16% of iShares U.S. Equity Factor ETF worth $30,661,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in iShares U.S. Equity Factor ETF by 3,714.3% in the first quarter. Smartleaf Asset Management LLC now owns 801 shares of the company’s stock worth $46,000 after purchasing an additional 780 shares during the last quarter. JNBA Financial Advisors purchased a new stake in shares of iShares U.S. Equity Factor ETF in the second quarter worth approximately $104,000. Goodman Advisory Group LLC bought a new stake in shares of iShares U.S. Equity Factor ETF during the 2nd quarter worth approximately $168,000. GDS Wealth Management purchased a new position in iShares U.S. Equity Factor ETF during the 2nd quarter valued at $201,000. Finally, Graves Light Lenhart Wealth Inc. purchased a new stake in iShares U.S. Equity Factor ETF in the second quarter worth $208,000.

iShares U.S. Equity Factor ETF Stock Performance

Shares of LRGF stock opened at $69.70 on Friday. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98. iShares U.S. Equity Factor ETF has a fifty-two week low of $49.97 and a fifty-two week high of $71.07. The stock’s 50-day simple moving average is $69.18 and its 200-day simple moving average is $66.74.

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.