iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Reaches New 12-Month High – Should You Buy?

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $63.95 and last traded at $63.95, with a volume of 81054 shares. The stock had previously closed at $63.79.

iShares U.S. Equity Factor ETF Stock Performance

The firm’s fifty day simple moving average is $61.94 and its 200 day simple moving average is $60.00. The stock has a market capitalization of $2.27 billion, a P/E ratio of 21.21 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LRGF. JPMorgan Chase & Co. lifted its stake in iShares U.S. Equity Factor ETF by 128.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,514,134 shares of the company’s stock worth $91,378,000 after purchasing an additional 851,586 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of iShares U.S. Equity Factor ETF by 51.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,107,292 shares of the company’s stock worth $66,825,000 after buying an additional 376,160 shares during the last quarter. Kestra Investment Management LLC lifted its position in shares of iShares U.S. Equity Factor ETF by 155.3% during the 3rd quarter. Kestra Investment Management LLC now owns 375,104 shares of the company’s stock worth $22,045,000 after buying an additional 228,191 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in iShares U.S. Equity Factor ETF in the fourth quarter valued at about $9,030,000. Finally, Atomi Financial Group Inc. grew its position in iShares U.S. Equity Factor ETF by 28.5% in the fourth quarter. Atomi Financial Group Inc. now owns 620,387 shares of the company’s stock valued at $37,440,000 after acquiring an additional 137,733 shares during the last quarter.

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.