Fund's Net Asset Value (NAV): The IVAL.US ETF's price is primarily influenced by the NAV, reflecting the collective value of its underlying holdings.

Supply and Demand: Market dynamics of supply and demand for the ETF shares directly impact its price. Increased demand typically raises the price, while increased supply lowers it.

Underlying Asset Performance: The performance of the value stocks held within the IVAL.US ETF's portfolio significantly affects its price. Positive performance boosts the NAV and ETF price.

Market Sentiment: Overall investor sentiment towards value stocks and the broader market can influence the IVAL.US ETF's price, even independent of fundamental factors.

Interest Rates: Changes in interest rates can impact the valuation of value stocks and consequently, the IVAL.US ETF price. Higher rates can sometimes negatively affect value stocks.

Economic Conditions: Broader economic conditions, such as GDP growth, inflation, and unemployment, affect corporate earnings and investor confidence, influencing the IVAL.US ETF's price.

Management Fees & Expenses: The ETF's expense ratio, while small, can subtly affect returns and potentially the perceived attractiveness (and thus price) relative to similar ETFs.

Trading Volume & Liquidity: Higher trading volume and liquidity usually lead to tighter bid-ask spreads and potentially more efficient price discovery for the IVAL.US ETF.