Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Trading 0.6% Higher – What’s Next?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) traded up 0.6% on Thursday . The company traded as high as $66.78 and last traded at $66.57. Approximately 67,162 shares were traded during trading, an increase of 55% from the average daily volume of 43,357 shares. The stock had previously closed at $66.18.

Hartford Multifactor US Equity ETF Trading Up 0.6%

The firm’s fifty day moving average price is $66.51 and its 200-day moving average price is $63.05. The company has a market cap of $697.65 million, a price-to-earnings ratio of 18.12 and a beta of 0.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Hartford Multifactor US Equity ETF by 21.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,967 shares of the company’s stock worth $1,683,000 after acquiring an additional 4,364 shares in the last quarter. NewEdge Advisors LLC increased its stake in Hartford Multifactor US Equity ETF by 19.1% during the 1st quarter. NewEdge Advisors LLC now owns 69,954 shares of the company’s stock worth $4,130,000 after purchasing an additional 11,239 shares in the last quarter. Western Wealth Management LLC raised its holdings in Hartford Multifactor US Equity ETF by 12.4% during the 1st quarter. Western Wealth Management LLC now owns 150,426 shares of the company’s stock worth $8,881,000 after buying an additional 16,566 shares during the period. Arkadios Wealth Advisors bought a new position in Hartford Multifactor US Equity ETF in the first quarter valued at approximately $776,000. Finally, Royal Bank of Canada boosted its holdings in shares of Hartford Multifactor US Equity ETF by 74.0% in the first quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock valued at $10,706,000 after buying an additional 77,140 shares during the period.

Hartford Multifactor US Equity ETF Company Profile

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.