iShares Focused Value Factor ETF (NYSEARCA:FOVL) Shares Up 5.9% – What’s Next?

iShares Focused Value Factor ETF (NYSEARCA:FOVL)’s stock price shot up 5.9% during mid-day trading on Wednesday . The company traded as high as $73.11 and last traded at $73.11. 2,638 shares changed hands during trading, a decline of 42% from the average session volume of 4,543 shares. The stock had previously closed at $69.01.

iShares Focused Value Factor ETF Stock Performance

The business has a 50 day moving average of $67.86 and a 200-day moving average of $63.70. The company has a market capitalization of $21.93 million, a P/E ratio of 8.59 and a beta of 0.95.

Hedge Funds Weigh In On iShares Focused Value Factor ETF

A hedge fund recently bought a new stake in iShares Focused Value Factor ETF stock. Commonwealth Equity Services LLC purchased a new stake in iShares Focused Value Factor ETF (NYSEARCA:FOVL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,254 shares of the company’s stock, valued at approximately $256,000. Commonwealth Equity Services LLC owned 1.42% of iShares Focused Value Factor ETF 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.