Formidable ETF (NYSEARCA:FORH) Stock Price Down 1.4%

Formidable ETF (NYSEARCA:FORH)’s stock price fell 1.4% during trading on Thursday . The company traded as low as $22.28 and last traded at $22.28. 2,709 shares changed hands during mid-day 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 $29.63 million, a PE ratio of 14.02 and a beta of 0.53. The business has a 50-day moving average of $22.56 and a 200 day moving average of $22.24.

Institutional Investors Weigh In On Formidable ETF

A hedge fund recently raised its stake in Formidable ETF stock. Formidable Asset Management LLC raised its stake in shares of Formidable ETF (NYSEARCA:FORH) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,531 shares of the company’s stock after purchasing an additional 29,299 shares during the period. Formidable ETF accounts for about 6.6% of Formidable Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Formidable Asset Management LLC owned about 97.11% of Formidable ETF worth $30,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.