Envestnet Asset Management Inc. Grows Position in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC)

Envestnet Asset Management Inc. boosted its holdings in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 37.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,684 shares of the company’s stock after acquiring an additional 4,241 shares during the quarter. Envestnet Asset Management Inc. owned about 0.92% of First Trust Active Factor Mid Cap ETF worth $478,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Sovran Advisors LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the first quarter valued at $534,000. Ameritas Advisory Services LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 1st quarter worth about $210,000. EWG Elevate Inc. increased its position in First Trust Active Factor Mid Cap ETF by 806.6% during the 1st quarter. EWG Elevate Inc. now owns 196,129 shares of the company’s stock worth $5,974,000 after purchasing an additional 174,496 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 4th quarter worth about $47,000. Finally, World Equity Group Inc. increased its position in First Trust Active Factor Mid Cap ETF by 11.9% during the 1st quarter. World Equity Group Inc. now owns 26,909 shares of the company’s stock worth $820,000 after purchasing an additional 2,851 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Trading Down 0.2%

First Trust Active Factor Mid Cap ETF stock opened at $32.26 on Wednesday. The stock has a market cap of $79.04 million, a PE ratio of 13.94 and a beta of 1.02. The stock has a 50-day moving average price of $32.02 and a 200 day moving average price of $31.32. First Trust Active Factor Mid Cap ETF has a 52 week low of $26.73 and a 52 week high of $35.09.

First Trust Active Factor Mid Cap ETF Profile

The First Trust Active Factor Mid Cap ETF (AFMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed portfolio of factor-focused US mid-cap companies seeking capital appreciation. AFMC was launched on Dec 3, 2019 and is managed by First Trust.