Formidable ETF (NYSEARCA:FORH – Get Free Report)’s stock price fell 1.4% during trading on Thursday . The stock traded as low as $22.28 and last traded at $22.28. 2,709 shares traded hands during trading, a decline of 15% from the average session volume of 3,181 shares. The stock had previously closed at $22.59.
Formidable ETF Price Performance
The company has a market capitalization of $29.78 million, a P/E ratio of 14.02 and a beta of 0.53. The company has a fifty day moving average price of $22.58 and a 200 day moving average price of $22.25.
Hedge Funds Weigh In On Formidable ETF
An institutional investor recently raised its position in Formidable ETF stock. Formidable Asset Management LLC increased its holdings in Formidable ETF (NYSEARCA:FORH – Free Report) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,531 shares of the company’s stock after buying an additional 29,299 shares during the quarter. Formidable ETF comprises 6.6% of Formidable Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Formidable Asset Management LLC owned about 97.11% of Formidable ETF worth $30,292,000 as of its most recent SEC filing.
Formidable ETF Company Profile
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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