iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Hits New 1-Year High – Should You Buy?

by · The Markets Daily

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $62.49 and last traded at $62.49, with a volume of 465 shares changing hands. The stock had previously closed at $61.96.

iShares U.S. Equity Factor ETF Trading Up 0.5 %

The company has a market cap of $2.23 billion, a PE ratio of 21.21 and a beta of 1.02. The firm’s fifty day moving average is $59.60 and its 200 day moving average is $57.07.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

A number of hedge funds have recently made changes to their positions in the company. Affinity Wealth Management LLC purchased a new stake in iShares U.S. Equity Factor ETF during the 3rd quarter valued at about $30,351,000. Kestra Investment Management LLC increased its position in iShares U.S. Equity Factor ETF by 155.3% during the third quarter. Kestra Investment Management LLC now owns 375,104 shares of the company’s stock worth $22,045,000 after purchasing an additional 228,191 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in iShares U.S. Equity Factor ETF by 53.1% in the 3rd quarter. Atomi Financial Group Inc. now owns 482,654 shares of the company’s stock valued at $28,366,000 after purchasing an additional 167,313 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF in the 2nd quarter valued at approximately $6,639,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in iShares U.S. Equity Factor ETF by 19.3% in the third quarter. Integrated Wealth Concepts LLC now owns 731,132 shares of the company’s stock valued at $42,969,000 after acquiring an additional 118,245 shares during the last quarter.

iShares U.S. Equity Factor ETF Company Profile

(Get Free Report)

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.

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