iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading 0% Higher – Time to Buy?

iShares Focused Value Factor ETF (NYSEARCA:FOVL) were up 0% during trading on Friday . The stock traded as high as $73.40 and last traded at $73.39. Approximately 1,404 shares were traded during 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 P/E ratio of 13.05 and a beta of 1.13. The company has a 50 day moving average price of $73.39 and a 200 day moving average price of $72.51.

Hedge Funds Weigh In On iShares Focused Value Factor ETF

Several large investors have recently modified their holdings of FOVL. Raymond James Financial Inc. lifted its stake 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 last quarter. Arkadios Wealth Advisors raised its holdings in iShares Focused Value Factor ETF by 14.6% in the 1st quarter. Arkadios Wealth Advisors now owns 4,308 shares of the company’s stock valued at $300,000 after acquiring 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 about $51,000. Saxony Capital Management LLC acquired a new stake in iShares Focused Value Factor ETF during the second quarter worth approximately $310,000. Finally, Sigma Planning Corp boosted its holdings in shares of iShares Focused Value Factor ETF by 58.4% during the second quarter. Sigma Planning Corp now owns 12,046 shares of the company’s stock worth $867,000 after acquiring an additional 4,442 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.