Raymond James Financial Services Advisors Inc. Lowers Stock Position in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR)

Raymond James Financial Services Advisors Inc. trimmed its position in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,501 shares of the company’s stock after selling 5,229 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First Trust Lunt U.S. Factor Rotation ETF were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCTR. Wells Fargo & Company MN purchased a new position in First Trust Lunt U.S. Factor Rotation ETF in the 2nd quarter valued at $25,000. JPMorgan Chase & Co. purchased a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF during the 4th quarter worth $43,000. Citadel Advisors LLC purchased a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF during the 2nd quarter worth $216,000. CWM LLC grew its stake in shares of First Trust Lunt U.S. Factor Rotation ETF by 16.8% during the 3rd quarter. CWM LLC now owns 11,538 shares of the company’s stock worth $284,000 after purchasing an additional 1,658 shares during the period. Finally, Key Bridge Compliance LLC purchased a new position in shares of First Trust Lunt U.S. Factor Rotation ETF in the 3rd quarter valued at about $291,000.

First Trust Lunt U.S. Factor Rotation ETF Trading Up 0.0 %

FCTR stock opened at $29.50 on Thursday. The stock has a market capitalization of $162.24 million, a P/E ratio of 12.44 and a beta of 1.04. The business’s 50 day moving average is $30.17 and its 200-day moving average is $27.47.

First Trust Lunt U.S. Factor Rotation ETF Profile

The First Trust Lunt U.S. Factor Rotation ETF (FCTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score FCTR was launched on Jul 25, 2018 and is managed by First Trust.