iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading 0.2% Higher – Here’s What Happened

iShares Focused Value Factor ETF (NYSEARCA:FOVL) shares were up 0.2% on Friday . The stock traded as high as $70.19 and last traded at $70.19. Approximately 3,736 shares were traded during trading, a decline of 51% from the average daily volume of 7,551 shares. The stock had previously closed at $70.04.

iShares Focused Value Factor ETF Price Performance

The firm has a market cap of $21.06 million, a PE ratio of 12.65 and a beta of 1.14. The business’s fifty day moving average is $72.23 and its 200-day moving average is $70.58.

Institutional Investors Weigh In On iShares Focused Value Factor ETF

Several large investors have recently modified their holdings of FOVL. Arkadios Wealth Advisors grew its stake in shares of iShares Focused Value Factor ETF by 8.5% during the 4th quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock worth $263,000 after acquiring an additional 294 shares during the period. M.E. Allison & CO. Inc. bought a new position in iShares Focused Value Factor ETF during the fourth quarter worth about $341,000. Raymond James Financial Inc. purchased a new position in shares of iShares Focused Value Factor ETF in the fourth quarter worth about $220,000. Retirement Capital Strategies increased its stake in shares of iShares Focused Value Factor ETF by 0.7% in the fourth quarter. Retirement Capital Strategies now owns 63,916 shares of the company’s stock worth $4,472,000 after purchasing an additional 475 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of iShares Focused Value Factor ETF by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,128 shares of the company’s stock valued at $289,000 after purchasing an additional 157 shares during the period.

iShares Focused Value Factor ETF Company Profile

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.