Parallel Advisors LLC Increases Position in iShares U.S. Equity Factor ETF $LRGF

Parallel Advisors LLC lifted its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 6.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 160,291 shares of the company’s stock after acquiring an additional 9,103 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Equity Factor ETF were worth $10,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in iShares U.S. Equity Factor ETF by 48.0% during the 1st quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock valued at $3,975,000 after purchasing an additional 22,261 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of iShares U.S. Equity Factor ETF in the first quarter worth about $2,568,000. Jane Street Group LLC acquired a new stake in shares of iShares U.S. Equity Factor ETF during the first quarter worth about $2,041,000. Cerity Partners LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $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 during the second quarter worth about $376,000.

iShares U.S. Equity Factor ETF Price Performance

Shares of NYSEARCA LRGF opened at $75.61 on Monday. iShares U.S. Equity Factor ETF has a 52 week low of $63.89 and a 52 week high of $77.15. The business’s 50 day moving average price is $75.29 and its 200 day moving average price is $71.35. The firm has a market cap of $3.53 billion, a P/E ratio of 22.79 and a beta of 0.99.

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.