HB Wealth Management LLC has increased its investment in the iShares U.S. Equity Factor ETF (NYSEARCA: LRGF) by 14.9% during the third quarter of 2023. This information comes from the firm’s recent Form 13F filing with the Securities and Exchange Commission (SEC). As of the end of September, the company owned 141,051 shares, having acquired an additional 18,282 shares during the quarter. This stake represents approximately 0.33% of the iShares U.S. Equity Factor ETF, valued at approximately $9.74 million.
In addition to HB Wealth Management, several other hedge funds have adjusted their positions in the iShares U.S. Equity Factor ETF. Mather Group LLC established a new position worth around $53,000 in the third quarter. Similarly, JNBA Financial Advisors and Goodman Advisory Group LLC added new stakes valued at $104,000 and $168,000, respectively, during the second quarter. Other firms, including GDS Wealth Management and Graves Light Lenhart Wealth Inc., also made new investments, valued at $201,000 and $208,000.
Current Market Performance of iShares U.S. Equity Factor ETF
On the trading front, the iShares U.S. Equity Factor ETF opened at $69.99 on Friday, reflecting a slight decline of 0.2%. The fund has a market capitalization of $3.05 billion, a price-to-earnings (P/E) ratio of 22.79, and a beta of 0.98. Its 50-day moving average price stands at $69.41, while the 200-day moving average price is $67.76. Over the past year, the ETF has seen a low of $49.97 and a high of $71.07.
The iShares U.S. Equity Factor ETF, launched on April 30, 2015, is designed to track the STOXX U.S. Equity Factor Index. This exchange-traded fund focuses on large- and mid-cap U.S. equities, selecting and weighting stocks to enhance exposure to five key investment factors: momentum, quality, value, low volatility, and size. The fund is managed by BlackRock, a prominent player in the investment management sector.
Investors interested in the iShares U.S. Equity Factor ETF can keep up with daily news and analyst ratings through various financial news outlets, ensuring they remain informed about market movements and potential investment opportunities.
