Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Shares Up 1.2% – Time to Buy?

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

Hartford Multifactor US Equity ETF Stock Performance

The business has a fifty day simple moving average of $52.53 and a 200 day simple moving average of $51.20. The stock 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Hartford Multifactor US Equity ETF during the fourth quarter worth $30,000. Kingsview Wealth Management LLC boosted its stake in Hartford Multifactor US Equity ETF by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 9,165 shares of the company’s stock worth $475,000 after buying an additional 362 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Hartford Multifactor US Equity ETF in the 2nd quarter valued at about $669,000. Main Street Financial Solutions LLC increased its stake in shares of Hartford Multifactor US Equity ETF by 3.1% during the 3rd quarter. Main Street Financial Solutions LLC now owns 15,881 shares of the company’s stock valued at $824,000 after acquiring an additional 481 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Hartford Multifactor US Equity ETF by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 44,485 shares of the company’s stock worth $2,140,000 after acquiring an additional 499 shares during the period.

Hartford Multifactor US Equity ETF Company Profile

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.