Raymond James Financial Inc. Buys Shares of 3,150 iShares Focused Value Factor ETF (NYSEARCA:FOVL)

Raymond James Financial Inc. purchased a new stake in iShares Focused Value Factor ETF (NYSEARCA:FOVL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,150 shares of the company’s stock, valued at approximately $220,000.

Separately, Arkadios Wealth Advisors increased its position in shares of iShares Focused Value Factor ETF by 8.5% during the 4th quarter. Arkadios Wealth Advisors now owns 3,760 shares of the company’s stock worth $263,000 after purchasing an additional 294 shares during the last quarter.

iShares Focused Value Factor ETF Price Performance

NYSEARCA FOVL opened at $63.69 on Friday. The stock has a market capitalization of $19.11 million, a P/E ratio of 11.11 and a beta of 0.99. The firm’s 50-day moving average is $69.81 and its two-hundred day moving average is $70.83. iShares Focused Value Factor ETF has a 12 month low of $58.22 and a 12 month 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.