iShares Focused Value Factor ETF (NYSEARCA:FOVL) Stock Price Up 0% – Should You Buy?

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s share price traded up 0% during mid-day trading on Tuesday . The company traded as high as $73.40 and last traded at $73.39. 1,404 shares changed hands during mid-day 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 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 stock’s 50-day simple moving average is $73.39 and its two-hundred day simple moving average is $73.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its stake in 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 in the last quarter. Arkadios Wealth Advisors boosted its stake 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 worth $362,000 after acquiring an additional 718 shares during the last quarter. Saxony Capital Management LLC purchased a new stake in shares of iShares Focused Value Factor ETF during the second quarter worth approximately $310,000. Sigma Planning Corp raised its stake in iShares Focused Value Factor ETF by 58.4% in the 2nd 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. Finally, Tower Research Capital LLC TRC acquired a new position in iShares Focused Value Factor ETF in the 2nd quarter valued at $1,175,000.

iShares Focused Value Factor ETF Company Profile

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.