Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sets New 12-Month High – Still a Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS)’s share price hit a new 52-week high on Thursday . The company traded as high as $60.18 and last traded at $59.85, with a volume of 3110 shares changing hands. The stock had previously closed at $59.74.

Hartford Multifactor US Equity ETF Stock Performance

The firm has a market cap of $528.80 million, a P/E ratio of 18.12 and a beta of 0.86. The business’s 50-day simple moving average is $58.19 and its 200 day simple moving average is $56.75.

Institutional Trading of Hartford Multifactor US Equity ETF

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of Hartford Multifactor US Equity ETF in the second quarter worth approximately $54,000. Harbour Investments Inc. grew its position in Hartford Multifactor US Equity ETF by 103.5% during the second quarter. Harbour Investments Inc. now owns 10,525 shares of the company’s stock valued at $565,000 after buying an additional 5,353 shares during the period. Atria Wealth Solutions Inc. raised its position in Hartford Multifactor US Equity ETF by 248.4% in the second quarter. Atria Wealth Solutions Inc. now owns 16,544 shares of the company’s stock worth $888,000 after acquiring an additional 11,795 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Hartford Multifactor US Equity ETF in the second quarter worth approximately $236,000. Finally, Western Wealth Management LLC boosted its stake in shares of Hartford Multifactor US Equity ETF by 7.1% during the 2nd quarter. Western Wealth Management LLC now owns 126,571 shares of the company’s stock worth $6,796,000 after acquiring an additional 8,445 shares during the last quarter.

About Hartford Multifactor US Equity ETF

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.