Formidable ETF (NYSEARCA:FORH) Stock Price Down 1.4%

Formidable ETF (NYSEARCA:FORH)’s share price was down 1.4% on Thursday . The stock traded as low as $22.28 and last traded at $22.28. Approximately 2,709 shares changed hands during trading, a decline of 15% from the average daily volume of 3,181 shares. The stock had previously closed at $22.59.

Formidable ETF Trading Down 1.4 %

The firm has a market capitalization of $29.63 million, a price-to-earnings ratio of 14.02 and a beta of 0.53. The company has a fifty day moving average price of $22.56 and a two-hundred day moving average price of $22.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formidable ETF stock. Formidable Asset Management LLC boosted its holdings in Formidable ETF (NYSEARCA:FORH) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,291,531 shares of the company’s stock after acquiring an additional 29,299 shares during the period. Formidable ETF accounts for about 6.6% of Formidable Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Formidable Asset Management LLC owned approximately 97.11% of Formidable ETF worth $30,292,000 at the end of the most recent quarter.

Formidable ETF Company Profile

The Formidable ETF (FORH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital appreciation by actively managing a multi-strategy approach to providing alternative exposure, include tail hedge. FORH was launched on Apr 28, 2021 and is managed by Formidable.