Modern Wealth Management LLC Boosts Holdings in iShares U.S. Equity Factor ETF $LRGF

Modern Wealth Management LLC increased its stake in shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,051,355 shares of the company’s stock after acquiring an additional 194,532 shares during the quarter. iShares U.S. Equity Factor ETF comprises approximately 1.2% of Modern Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Modern Wealth Management LLC owned about 2.33% of iShares U.S. Equity Factor ETF worth $69,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRGF. AQR Capital Management LLC grew its holdings in shares of iShares U.S. Equity Factor ETF by 48.0% during the first quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock worth $3,975,000 after purchasing an additional 22,261 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 1st quarter valued at about $2,568,000. Jane Street Group LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 1st quarter valued at about $2,041,000. Cerity Partners LLC boosted its position 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 during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares U.S. Equity Factor ETF in the 2nd quarter valued at about $376,000.

iShares U.S. Equity Factor ETF Stock Down 1.2%

NYSEARCA:LRGF opened at $75.18 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a 52-week low of $63.89 and a 52-week high of $77.15. The stock’s 50 day moving average price is $75.42 and its 200 day moving average price is $71.52.

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