iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading 0.4% Higher – What’s Next?

Shares of iShares Focused Value Factor ETF (NYSEARCA:FOVL) shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $72.26 and last traded at $72.26. 554 shares were traded during trading, a decline of 80% from the average session volume of 2,735 shares. The stock had previously closed at $71.95.

iShares Focused Value Factor ETF Stock Performance

The company has a market cap of $21.68 million, a P/E ratio of 8.59 and a beta of 0.95. The stock has a 50 day moving average price of $72.21 and a 200 day moving average price of $67.90.

Institutional Trading of iShares Focused Value Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its position in shares of iShares Focused Value Factor ETF by 8.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock worth $263,000 after purchasing an additional 294 shares during the period. Commonwealth Equity Services LLC purchased a new position in iShares Focused Value Factor ETF in the 2nd quarter worth about $256,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in iShares Focused Value Factor ETF during the 4th quarter worth about $341,000.

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.