Formidable ETF (NYSEARCA:FORH – Get Free Report) shares traded down 0.9% during trading on Wednesday . The stock traded as low as $21.28 and last traded at $21.33. 1,947 shares were traded during trading, an increase of 50% from the average session volume of 1,302 shares. The stock had previously closed at $21.52.
Formidable ETF Price Performance
The firm has a market cap of $28.37 million, a price-to-earnings ratio of 14.02 and a beta of 0.53. The stock has a 50-day moving average price of $22.26 and a 200 day moving average price of $22.43.
Institutional Investors Weigh In On Formidable ETF
A hedge fund recently raised its stake in Formidable ETF stock. Formidable Asset Management LLC raised its holdings in Formidable ETF (NYSEARCA:FORH – Free Report) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,291,531 shares of the company’s stock after purchasing an additional 29,299 shares during the quarter. Formidable ETF accounts for about 6.6% of Formidable Asset Management LLC’s holdings, making the stock its 3rd biggest position. Formidable Asset Management LLC owned approximately 97.11% of Formidable ETF worth $30,292,000 at the end of the most recent quarter.
About Formidable ETF
The Formidable ETF (FORH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital appreciation by actively managing a multi-strategy approach to providing alternative exposure, include tail hedge. FORH was launched on Apr 28, 2021 and is managed by Formidable.
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