iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading 0% Higher – Here’s Why

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s share price traded up 0% during trading on Thursday . The stock traded as high as $73.40 and last traded at $73.39. 1,404 shares traded hands during trading, a decline of 72% from the average session volume of 5,082 shares. The stock had previously closed at $73.38.

iShares Focused Value Factor ETF Stock Performance

The firm has a market cap of $25.69 million, a P/E ratio of 13.05 and a beta of 1.13. The company has a 50-day moving average of $73.00 and a 200 day moving average of $70.45.

Hedge Funds Weigh In On iShares Focused Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its position in shares of iShares Focused Value Factor ETF by 16.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,349 shares of the company’s stock worth $241,000 after buying an additional 466 shares during the period. Arkadios Wealth Advisors lifted its position in shares of iShares Focused Value Factor ETF by 14.6% during the 1st quarter. Arkadios Wealth Advisors now owns 4,308 shares of the company’s stock worth $300,000 after buying an additional 548 shares during the period. Ameritas Advisory Services LLC bought a new position in iShares Focused Value Factor ETF in the 2nd quarter valued at $51,000. Cetera Investment Advisers bought a new position in iShares Focused Value Factor ETF in the 4th quarter valued at $247,000. Finally, Saxony Capital Management LLC bought a new position in iShares Focused Value Factor ETF in the 2nd quarter valued at $310,000.

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.