iShares Focused Value Factor ETF (NYSEARCA:FOVL) Shares Up 5.9% – Here’s Why

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s share price were up 5.9% on Wednesday . The company traded as high as $73.11 and last traded at $73.11. Approximately 2,638 shares traded hands during trading, a decline of 42% from the average daily volume of 4,543 shares. The stock had previously closed at $69.01.

iShares Focused Value Factor ETF Trading Up 5.9 %

The stock’s 50-day moving average price is $67.86 and its two-hundred day moving average price is $63.70. The stock has a market capitalization of $21.93 million, a P/E ratio of 8.59 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Focused Value Factor ETF stock. Commonwealth Equity Services LLC acquired a new position in iShares Focused Value Factor ETF (NYSEARCA:FOVL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,254 shares of the company’s stock, valued at approximately $256,000. Commonwealth Equity Services LLC owned 1.42% of iShares Focused Value Factor ETF at the end of the most recent quarter.

About iShares Focused Value Factor ETF

The iShares Focused Value Factor ETF (FOVL) is an exchange-traded fund that is based on the Focused Value Select index. The fund tracks a tier-weighted index of US listed equities selected using a variety of value factors. FOVL was launched on Mar 19, 2019 and is managed by BlackRock.