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

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $60.80 and last traded at $60.74, with a volume of 2374 shares trading hands. The stock had previously closed at $59.43.

iShares U.S. Equity Factor ETF Stock Up 2.6 %

The company’s 50 day simple moving average is $58.46 and its two-hundred day simple moving average is $56.26. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.21 and a beta of 1.02.

Institutional Trading of iShares U.S. Equity Factor ETF

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in iShares U.S. Equity Factor ETF by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,819 shares of the company’s stock valued at $475,000 after buying an additional 388 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares U.S. Equity Factor ETF by 38.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,365 shares of the company’s stock valued at $396,000 after acquiring an additional 2,037 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of iShares U.S. Equity Factor ETF during the first quarter valued at about $9,604,000. NorthRock Partners LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 1st quarter valued at approximately $302,000. Finally, Columbus Macro LLC purchased a new stake in iShares U.S. Equity Factor ETF during the 2nd quarter worth approximately $231,000.

About iShares U.S. Equity Factor ETF

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.