Raymond James Financial Inc. Makes New Investment in iShares Focused Value Factor ETF (NYSEARCA:FOVL)

Raymond James Financial Inc. purchased a new position in shares of iShares Focused Value Factor ETF (NYSEARCA:FOVL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,150 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOVL. Arkadios Wealth Advisors increased its stake in shares of iShares Focused Value Factor ETF by 8.5% in the 4th quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock valued at $263,000 after purchasing an additional 294 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of iShares Focused Value Factor ETF by 4.0% in the 4th 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 in the last quarter. M.E. Allison & CO. Inc. purchased a new position in shares of iShares Focused Value Factor ETF in the 4th quarter valued at about $341,000. LPL Financial LLC increased its stake in shares of iShares Focused Value Factor ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 41,243 shares of the company’s stock valued at $2,886,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Retirement Capital Strategies increased its stake in shares of iShares Focused Value Factor ETF by 0.7% in the 4th quarter. Retirement Capital Strategies now owns 63,916 shares of the company’s stock valued at $4,472,000 after purchasing an additional 475 shares in the last quarter.

iShares Focused Value Factor ETF Stock Up 2.4%

Shares of iShares Focused Value Factor ETF stock opened at $70.92 on Tuesday. iShares Focused Value Factor ETF has a twelve month low of $58.36 and a twelve month high of $76.26. The business has a 50-day moving average price of $67.17 and a 200 day moving average price of $70.53. The firm has a market cap of $24.82 million, a PE ratio of 11.70 and a beta of 0.99.

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.