Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Trading Up 1.2% – Still a Buy?

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) shares were up 1.2% on Wednesday . The stock traded as high as $52.10 and last traded at $52.00. Approximately 22,151 shares traded hands during trading, a decline of 18% from the average daily volume of 26,850 shares. The stock had previously closed at $51.40.

Hartford Multifactor US Equity ETF Stock Up 0.4 %

The company’s 50-day moving average is $52.53 and its 200 day moving average is $51.20. The company has a market cap of $453.09 million, a price-to-earnings ratio of 18.65 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its holdings in Hartford Multifactor US Equity ETF by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 44,485 shares of the company’s stock valued at $2,140,000 after purchasing an additional 499 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Hartford Multifactor US Equity ETF in the second quarter worth about $669,000. Fermata Advisors LLC boosted its position in Hartford Multifactor US Equity ETF by 20.7% during the third quarter. Fermata Advisors LLC now owns 82,850 shares of the company’s stock worth $4,297,000 after acquiring an additional 14,205 shares during the last quarter. Global Retirement Partners LLC grew its stake in Hartford Multifactor US Equity ETF by 96.1% during the 3rd quarter. Global Retirement Partners LLC now owns 201,528 shares of the company’s stock valued at $10,451,000 after acquiring an additional 98,768 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Hartford Multifactor US Equity ETF by 5,086.3% in the 3rd quarter. International Assets Investment Management LLC now owns 81,528 shares of the company’s stock valued at $4,228,000 after acquiring an additional 79,956 shares during the last quarter.

About Hartford Multifactor US Equity ETF

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.