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

Shares of iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.01 and last traded at $61.91, with a volume of 3599 shares trading hands. The stock had previously closed at $61.87.

iShares U.S. Equity Factor ETF Price Performance

The stock has a 50-day moving average of $58.71 and a 200-day moving average of $56.50. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 21.21 and a beta of 1.02.

Institutional Trading of iShares U.S. Equity Factor ETF

Several large investors have recently modified their holdings of LRGF. Affinity Wealth Management LLC acquired a new position in iShares U.S. Equity Factor ETF in the third quarter valued at about $30,351,000. Cora Capital Advisors LLC raised its position in shares of iShares U.S. Equity Factor ETF by 1.1% in the 2nd quarter. Cora Capital Advisors LLC now owns 464,404 shares of the company’s stock valued at $25,863,000 after buying an additional 5,222 shares in the last quarter. Plancorp LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 2.2% during the 2nd quarter. Plancorp LLC now owns 1,491,331 shares of the company’s stock worth $83,052,000 after acquiring an additional 31,625 shares during the period. Commonwealth Equity Services LLC increased its stake in iShares U.S. Equity Factor ETF by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 341,320 shares of the company’s stock valued at $19,008,000 after acquiring an additional 5,614 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in iShares U.S. Equity Factor ETF during the second quarter valued at approximately $818,000.

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.