Envestnet Asset Management Inc. Buys 54,041 Shares of iShares U.S. Equity Factor ETF $LRGF

Envestnet Asset Management Inc. grew its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 10.9% during the third quarter, HoldingsChannel reports. The firm owned 550,090 shares of the company’s stock after buying an additional 54,041 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares U.S. Equity Factor ETF were worth $38,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LRGF. Gilbert Capital Group Inc. acquired a new position in iShares U.S. Equity Factor ETF during the 2nd quarter worth $5,415,000. EWA LLC increased its stake in shares of iShares U.S. Equity Factor ETF by 38.9% in the third quarter. EWA LLC now owns 706,148 shares of the company’s stock worth $48,781,000 after purchasing an additional 197,867 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares U.S. Equity Factor ETF by 10.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 121,440 shares of the company’s stock worth $8,349,000 after purchasing an additional 11,558 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in iShares U.S. Equity Factor ETF during the 2nd quarter valued at approximately $1,612,000. Finally, CWM LLC boosted its stake in iShares U.S. Equity Factor ETF by 26.4% during the 3rd quarter. CWM LLC now owns 118,221 shares of the company’s stock valued at $8,167,000 after purchasing an additional 24,688 shares during the period.

iShares U.S. Equity Factor ETF Stock Down 0.3%

Shares of NYSEARCA LRGF opened at $69.82 on Wednesday. The business’s 50 day moving average is $69.74 and its two-hundred day moving average is $68.64. The company has a market cap of $3.16 billion, a P/E ratio of 22.79 and a beta of 0.98. iShares U.S. Equity Factor ETF has a 12 month low of $49.97 and a 12 month high of $71.07.

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. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.