iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Hits New 1-Year High – Here’s What Happened

Shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) reached a new 52-week high during trading on Thursday . The stock traded as high as $79.29 and last traded at $79.29, with a volume of 7308 shares traded. The stock had previously closed at $78.76.

iShares U.S. Equity Factor ETF Stock Up 0.6%

The firm has a market cap of $3.73 billion, a PE ratio of 22.79 and a beta of 0.99. The company’s fifty day moving average price is $75.92 and its two-hundred day moving average price is $72.23.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its stake in shares of iShares U.S. Equity Factor ETF by 127.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock worth $35,000 after buying an additional 285 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the fourth quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in iShares U.S. Equity Factor ETF during the fourth quarter worth $41,000. Timmons Wealth Management LLC acquired a new position in iShares U.S. Equity Factor ETF during the fourth quarter worth $56,000. Finally, Key Financial Inc purchased a new position in iShares U.S. Equity Factor ETF in the fourth quarter worth $60,000.

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.