iShares Focused Value Factor ETF (NYSEARCA:FOVL) Trading 0.4% Higher – Time to Buy?

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s stock price shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $70.92 and last traded at $70.92. 2,114 shares were traded during mid-day trading, a decline of 50% from the average session volume of 4,196 shares. The stock had previously closed at $70.67.

iShares Focused Value Factor ETF Price Performance

The stock has a fifty day moving average of $72.08 and a 200 day moving average of $66.72. The stock has a market cap of $21.28 million, a price-to-earnings ratio of 8.59 and a beta of 0.95.

Hedge Funds Weigh In On iShares Focused Value Factor ETF

An institutional investor recently bought a new position in iShares Focused Value Factor ETF stock. Arkadios Wealth Advisors bought a new stake in shares of iShares Focused Value Factor ETF (NYSEARCA:FOVL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,409 shares of the company’s stock, valued at approximately $205,000. Arkadios Wealth Advisors owned 1.14% of iShares Focused Value Factor ETF as of its most recent SEC filing.

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.