Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Strong Trading Volume – Still a Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODMGet Free Report) shares saw strong trading volume on Wednesday . 89,066 shares changed hands during trading, a decline of 7% from the previous session’s volume of 96,169 shares.The stock last traded at $42.23 and had previously closed at $41.94.

Hartford Multifactor Developed Markets (ex-US) ETF Price Performance

The firm has a 50-day simple moving average of $41.20 and a two-hundred day simple moving average of $40.63. The company has a market cap of $1.65 billion, a PE ratio of -98.05 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RODM. WCG Wealth Advisors LLC increased its position in Hartford Multifactor Developed Markets (ex-US) ETF by 179.2% during the fourth quarter. WCG Wealth Advisors LLC now owns 1,698,855 shares of the exchange traded fund’s stock worth $62,817,000 after purchasing an additional 1,090,433 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 59.1% in the 3rd quarter. Raymond James Financial Inc. now owns 892,015 shares of the exchange traded fund’s stock valued at $31,689,000 after purchasing an additional 331,480 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the 3rd quarter valued at $11,161,000. LPL Financial LLC grew its stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 23.4% during the 4th quarter. LPL Financial LLC now owns 1,089,891 shares of the exchange traded fund’s stock valued at $40,299,000 after buying an additional 206,980 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 1,499.5% during the 4th quarter. Stifel Financial Corp now owns 109,646 shares of the exchange traded fund’s stock worth $4,054,000 after buying an additional 102,791 shares during the last quarter. Institutional investors and hedge funds own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

(Get Free Report)

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.

Further Reading

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