iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sets New 52-Week High – Should You Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $63.41 and last traded at $63.39, with a volume of 13221 shares changing hands. The stock had previously closed at $62.91.

iShares U.S. Equity Factor ETF Stock Performance

The company has a 50 day simple moving average of $61.81 and a two-hundred day simple moving average of $59.69. The company has a market cap of $2.28 billion, a PE ratio of 21.21 and a beta of 1.02.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRGF. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Equity Factor ETF by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 662,548 shares of the company’s stock worth $38,938,000 after buying an additional 28,119 shares during the last quarter. FMR LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 96.6% during the third quarter. FMR LLC now owns 5,434 shares of the company’s stock worth $319,000 after buying an additional 2,670 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 1.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 69,090 shares of the company’s stock worth $4,170,000 after buying an additional 1,003 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of iShares U.S. Equity Factor ETF by 29.4% during the third quarter. Citigroup Inc. now owns 142,433 shares of the company’s stock worth $8,371,000 after buying an additional 32,400 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of iShares U.S. Equity Factor ETF by 1.9% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 3,270,070 shares of the company’s stock worth $192,182,000 after buying an additional 61,704 shares during the last quarter.

iShares U.S. Equity Factor ETF Company Profile

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.