Addison Advisors LLC Cuts Position in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF)

Addison Advisors LLC lessened its stake in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 81,880 shares of the company’s stock after selling 4,871 shares during the quarter. iShares U.S. Equity Factor ETF accounts for 1.5% of Addison Advisors LLC’s portfolio, making the stock its 15th largest position. Addison Advisors LLC’s holdings in iShares U.S. Equity Factor ETF were worth $3,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in LRGF. CWM LLC increased its holdings in shares of iShares U.S. Equity Factor ETF by 7,737.5% in the 3rd quarter. CWM LLC now owns 11,286 shares of the company’s stock valued at $489,000 after purchasing an additional 11,142 shares in the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of iShares U.S. Equity Factor ETF by 2.9% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 563,192 shares of the company’s stock valued at $24,506,000 after purchasing an additional 15,660 shares in the last quarter. Raymond James & Associates increased its holdings in shares of iShares U.S. Equity Factor ETF by 20.9% in the 3rd quarter. Raymond James & Associates now owns 16,495 shares of the company’s stock valued at $715,000 after purchasing an additional 2,848 shares in the last quarter. Assetmark Inc. increased its holdings in shares of iShares U.S. Equity Factor ETF by 19.1% in the 3rd quarter. Assetmark Inc. now owns 2,410 shares of the company’s stock valued at $104,000 after purchasing an additional 386 shares in the last quarter. Finally, GSG Advisors LLC purchased a new position in iShares U.S. Equity Factor ETF during the 3rd quarter valued at about $1,214,000.

iShares U.S. Equity Factor ETF Stock Performance

NYSEARCA:LRGF traded up $0.42 during mid-day trading on Friday, hitting $52.18. 48,791 shares of the company’s stock traded hands, compared to its average volume of 168,053. The firm’s 50 day simple moving average is $52.48 and its 200 day simple moving average is $48.79. iShares U.S. Equity Factor ETF has a 1 year low of $40.44 and a 1 year high of $54.00. The company has a market cap of $1.82 billion, a PE ratio of 21.66 and a beta of 1.02.

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.