iShares Focused Value Factor ETF (NYSEARCA:FOVL) Share Price Cross Above 50-Day Moving Average – What’s Next?

iShares Focused Value Factor ETF (NYSEARCA:FOVL) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $69.93 and traded as high as $75.95. iShares Focused Value Factor ETF shares last traded at $75.95, with a volume of 6,720 shares trading hands.

iShares Focused Value Factor ETF Stock Up 0.1 %

The stock has a market cap of $22.79 million, a P/E ratio of 8.59 and a beta of 0.95. The firm’s 50-day moving average is $69.93 and its two-hundred day moving average is $64.91.

Hedge Funds Weigh In On iShares Focused Value Factor ETF

An institutional investor recently bought a new position in iShares Focused Value Factor ETF stock. Commonwealth Equity Services LLC purchased a new stake in iShares Focused Value Factor ETF (NYSEARCA:FOVL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

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.