iShares Focused Value Factor ETF (NYSEARCA:FOVL) Shares Up 0.4% – Here’s What Happened

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

iShares Focused Value Factor ETF Price Performance

The firm has a market cap of $21.82 million, a P/E ratio of 8.59 and a beta of 0.95. The company’s 50-day moving average is $72.22 and its two-hundred day moving average is $67.99.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of iShares Focused Value Factor ETF in the 2nd quarter valued at $256,000. Arkadios Wealth Advisors lifted its holdings in shares of iShares Focused Value Factor ETF by 8.5% in the fourth 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 last quarter. Finally, M.E. Allison & CO. Inc. acquired a new stake in shares of iShares Focused Value Factor ETF in the 4th quarter valued at approximately $341,000.

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.