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

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s share price shot up 0% during trading on Tuesday . The company traded as high as $73.40 and last traded at $73.39. 1,404 shares changed 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 Up 0.0%

The firm has a market cap of $25.69 million, a P/E ratio of 13.05 and a beta of 1.13. The firm’s fifty day moving average is $73.39 and its two-hundred day moving average is $73.38.

Institutional Investors Weigh In On iShares Focused Value Factor ETF

A number of large investors have recently modified their holdings of FOVL. Sigma Planning Corp raised its stake in iShares Focused Value Factor ETF by 58.4% in the second quarter. Sigma Planning Corp now owns 12,046 shares of the company’s stock worth $867,000 after buying an additional 4,442 shares in the last quarter. Saxony Capital Management LLC purchased a new position in shares of iShares Focused Value Factor ETF during the 2nd quarter worth approximately $310,000. Arkadios Wealth Advisors raised its position in shares of iShares Focused Value Factor ETF by 16.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 5,026 shares of the company’s stock worth $362,000 after acquiring an additional 718 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of iShares Focused Value Factor ETF in the 2nd quarter worth approximately $1,175,000. Finally, Raymond James Financial Inc. lifted its stake in shares of iShares Focused Value Factor ETF by 16.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,349 shares of the company’s stock valued at $241,000 after purchasing an additional 466 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.