iShares Focused Value Factor ETF (NYSEARCA:FOVL) Stock Price Up 0% – What’s Next?

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s stock price rose 0% during mid-day trading on Monday . The company traded as high as $73.40 and last traded at $73.39. Approximately 1,404 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,082 shares. The stock had previously closed at $73.38.

iShares Focused Value Factor ETF Trading Up 0.0%

The company has a market capitalization of $25.69 million, a price-to-earnings ratio of 13.05 and a beta of 1.13. The company’s 50 day simple moving average is $73.39 and its 200-day simple moving average is $72.87.

Institutional Trading of iShares Focused Value Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FOVL. Ameritas Advisory Services LLC acquired a new position in iShares Focused Value Factor ETF in the 2nd quarter valued at $51,000. Raymond James Financial Inc. boosted its holdings in shares of iShares Focused Value Factor ETF by 16.2% during the second quarter. Raymond James Financial Inc. now owns 3,349 shares of the company’s stock worth $241,000 after purchasing an additional 466 shares during the last quarter. Saxony Capital Management LLC purchased a new stake in shares of iShares Focused Value Factor ETF in the second quarter valued at $310,000. Arkadios Wealth Advisors grew its position in shares of iShares Focused Value Factor ETF by 16.7% in the second quarter. Arkadios Wealth Advisors now owns 5,026 shares of the company’s stock valued at $362,000 after purchasing an additional 718 shares during the period. Finally, Sigma Planning Corp increased its stake in iShares Focused Value Factor ETF by 58.4% in the second quarter. Sigma Planning Corp now owns 12,046 shares of the company’s stock valued at $867,000 after purchasing an additional 4,442 shares during the last quarter.

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.