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

Shares of iShares Focused Value Factor ETF (NYSEARCA:FOVL) were up 0% during mid-day trading on Wednesday . The company traded as high as $73.40 and last traded at $73.39. 1,404 shares traded hands during trading, a decline of 65% from the average session volume of 4,056 shares. The stock had previously closed at $73.38.

iShares Focused Value Factor ETF Stock Performance

The stock has a market capitalization of $25.69 million, a P/E ratio of 13.05 and a beta of 1.13. The stock has a 50-day simple moving average of $73.39 and a 200 day simple moving average of $73.39.

Institutional Trading of iShares Focused Value Factor ETF

A hedge fund recently raised its position in iShares Focused Value Factor ETF stock. Raymond James Financial Inc. grew its stake in iShares Focused Value Factor ETF (NYSEARCA:FOVL) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,349 shares of the company’s stock after purchasing an additional 466 shares during the quarter. Raymond James Financial Inc. owned about 0.96% of iShares Focused Value Factor ETF worth $241,000 at the end of the most recent reporting period.

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.