iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading Up 1.1% – Here’s What Happened

iShares Focused Value Factor ETF (NYSEARCA:FOVL) rose 1.1% during mid-day trading on Wednesday . The company traded as high as $70.35 and last traded at $70.35. Approximately 565 shares were traded during trading, a decline of 90% from the average daily volume of 5,478 shares. The stock had previously closed at $69.57.

iShares Focused Value Factor ETF Price Performance

The business has a fifty day moving average of $71.47 and a 200 day moving average of $71.07. The stock has a market cap of $18.80 million, a PE ratio of 12.31 and a beta of 1.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors raised its stake in iShares Focused Value Factor ETF by 8.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock valued at $263,000 after buying an additional 294 shares in the last quarter. M.E. Allison & CO. Inc. bought a new stake in shares of iShares Focused Value Factor ETF in the 4th quarter valued at approximately $341,000. Raymond James Financial Inc. acquired a new stake in shares of iShares Focused Value Factor ETF during the 4th quarter valued at approximately $220,000. Retirement Capital Strategies lifted its stake in iShares Focused Value Factor ETF by 0.7% during 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 during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in 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 worth $289,000 after purchasing an additional 157 shares during the period.

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.