iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 1-Year High – What’s Next?

Shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) hit a new 52-week high during trading on Thursday . The company traded as high as $72.06 and last traded at $72.05, with a volume of 63735 shares. The stock had previously closed at $71.45.

iShares U.S. Equity Factor ETF Stock Performance

The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98. The business’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $69.13.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

Institutional investors have recently added to or reduced their stakes in the company. First Foundation Advisors raised its stake in shares of iShares U.S. Equity Factor ETF by 0.9% in the 3rd quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after purchasing an additional 167 shares in the last quarter. Cerity Partners LLC raised its stake in shares of iShares U.S. Equity Factor ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock valued at $3,273,000 after purchasing an additional 175 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares U.S. Equity Factor ETF by 19.8% in the 3rd quarter. Assetmark Inc. now owns 1,127 shares of the company’s stock valued at $78,000 after purchasing an additional 186 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of iShares U.S. Equity Factor ETF by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock valued at $1,543,000 after purchasing an additional 194 shares in the last quarter. Finally, Savvy Advisors Inc. raised its stake in shares of iShares U.S. Equity Factor ETF by 4.3% in the 4th quarter. Savvy Advisors Inc. now owns 5,682 shares of the company’s stock valued at $395,000 after purchasing an additional 235 shares in the last quarter.

iShares U.S. Equity Factor ETF Company Profile

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. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.