Northwestern Mutual Wealth Management Co. Purchases 31,073 Shares of iShares U.S. Equity Factor ETF $LRGF

Northwestern Mutual Wealth Management Co. increased its position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,140 shares of the company’s stock after purchasing an additional 31,073 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.62% of iShares U.S. Equity Factor ETF worth $19,450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Equity Factor ETF in the 4th quarter worth about $25,000. Ares Financial Consulting LLC bought a new position in iShares U.S. Equity Factor ETF in the 4th quarter worth about $38,000. Key Financial Inc bought a new position in iShares U.S. Equity Factor ETF in the 4th quarter worth about $60,000. International Assets Investment Management LLC bought a new position in iShares U.S. Equity Factor ETF in the 4th quarter worth about $67,000. Finally, Assetmark Inc. boosted its stake in iShares U.S. Equity Factor ETF by 19.8% in the 3rd quarter. Assetmark Inc. now owns 1,127 shares of the company’s stock worth $78,000 after purchasing an additional 186 shares in the last quarter.

iShares U.S. Equity Factor ETF Price Performance

Shares of iShares U.S. Equity Factor ETF stock opened at $76.47 on Monday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98. The firm’s 50-day moving average is $70.84 and its 200 day moving average is $69.80. iShares U.S. Equity Factor ETF has a 1 year low of $60.61 and a 1 year high of $76.60.

iShares U.S. Equity Factor ETF 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. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.