Shares of Formidable ETF (NYSEARCA:FORH – Get Rating) were up 0.2% during mid-day trading on Wednesday . The stock traded as high as $24.25 and last traded at $23.98. Approximately 464 shares were traded during trading, a decline of 91% from the average daily volume of 4,972 shares. The stock had previously closed at $23.92.
Formidable ETF Stock Up 0.2 %
The company’s fifty day moving average price is $24.10 and its 200-day moving average price is $24.01. The stock has a market capitalization of $31.89 million, a PE ratio of 6.94 and a beta of 0.53.
Institutional Investors Weigh In On Formidable ETF
An institutional investor recently raised its position in Formidable ETF stock. Formidable Asset Management LLC grew its holdings in shares of Formidable ETF (NYSEARCA:FORH – Get Rating) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,256,974 shares of the company’s stock after acquiring an additional 177,512 shares during the period. Formidable ETF comprises approximately 6.6% of Formidable Asset Management LLC’s holdings, making the stock its 3rd largest position. Formidable Asset Management LLC owned about 100.56% of Formidable ETF worth $29,383,000 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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