M.E. Allison & CO. Inc. Takes Position in iShares Focused Value Factor ETF (NYSEARCA:FOVL)

M.E. Allison & CO. Inc. bought a new position in iShares Focused Value Factor ETF (NYSEARCA:FOVL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,870 shares of the company’s stock, valued at approximately $341,000.

Separately, Commonwealth Equity Services LLC purchased a new position in shares of iShares Focused Value Factor ETF in the second quarter worth about $256,000.

iShares Focused Value Factor ETF Price Performance

Shares of iShares Focused Value Factor ETF stock opened at $72.74 on Monday. The firm’s 50-day moving average is $72.22 and its 200 day moving average is $68.10. iShares Focused Value Factor ETF has a 1 year low of $55.74 and a 1 year high of $76.26. The stock has a market cap of $21.82 million, a price-to-earnings ratio of 8.59 and a beta of 0.95.

iShares Focused Value Factor ETF 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.