iShares Focused Value Factor ETF (NYSEARCA:FOVL) Shares Cross Above 50 Day Moving Average – Here’s Why

iShares Focused Value Factor ETF (NYSEARCA:FOVL) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $69.93 and traded as high as $75.95. iShares Focused Value Factor ETF shares last traded at $75.95, with a volume of 6,720 shares.

iShares Focused Value Factor ETF Trading Up 0.1 %

The firm has a market capitalization of $22.80 million, a PE ratio of 8.59 and a beta of 0.95. The firm has a 50-day moving average of $70.30 and a two-hundred day moving average of $65.08.

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 purchased a new stake in iShares Focused Value Factor ETF (NYSEARCA:FOVL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 filing with the Securities & Exchange Commission.

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.