Synergy Asset Management LLC Makes New Investment in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)

Synergy Asset Management LLC bought a new stake in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew 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 purchasing an additional 28,119 shares during the last quarter. FMR LLC boosted its stake in iShares U.S. Equity Factor ETF by 96.6% during the 3rd quarter. FMR LLC now owns 5,434 shares of the company’s stock worth $319,000 after purchasing an additional 2,670 shares during the period. Citigroup Inc. boosted its stake 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 period. Affinity Wealth Management LLC purchased a new position in shares of iShares U.S. Equity Factor ETF during the third quarter worth about $30,351,000. Finally, AQR Capital Management LLC acquired a new position in iShares U.S. Equity Factor ETF in the 2nd quarter valued at about $818,000.

iShares U.S. Equity Factor ETF Trading Down 0.6 %

Shares of LRGF stock opened at $62.41 on Friday. The company has a market capitalization of $2.23 billion, a P/E ratio of 21.21 and a beta of 1.02. The business’s 50 day moving average is $61.78 and its two-hundred day moving average is $59.28. iShares U.S. Equity Factor ETF has a twelve month low of $49.16 and a twelve month high of $63.35.

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.