Retirement Capital Strategies Purchases 475 Shares of iShares Focused Value Factor ETF (NYSEARCA:FOVL)

Retirement Capital Strategies raised its position in iShares Focused Value Factor ETF (NYSEARCA:FOVL) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 63,916 shares of the company’s stock after buying an additional 475 shares during the quarter. iShares Focused Value Factor ETF makes up about 1.7% of Retirement Capital Strategies’ investment portfolio, making the stock its 15th biggest holding. Retirement Capital Strategies owned 0.21% of iShares Focused Value Factor ETF worth $4,472,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FOVL. Raymond James Financial Inc. bought a new position in iShares Focused Value Factor ETF in the 4th quarter valued at $220,000. Arkadios Wealth Advisors boosted its position in iShares Focused Value Factor ETF by 8.5% in the 4th quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock valued at $263,000 after buying an additional 294 shares during the last quarter. Finally, M.E. Allison & CO. Inc. bought a new position in iShares Focused Value Factor ETF in the 4th quarter valued at $341,000.

iShares Focused Value Factor ETF Stock Performance

Shares of FOVL opened at $68.86 on Tuesday. The firm has a market capitalization of $20.66 million, a price-to-earnings ratio of 12.65 and a beta of 1.14. The business’s fifty day moving average price is $72.21 and its two-hundred day moving average price is $70.66. iShares Focused Value Factor ETF has a 52 week low of $58.22 and a 52 week high of $76.26.

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.