First Trust Active Factor Mid Cap ETF $AFMC Stock Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 18.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,790 shares of the company’s stock after acquiring an additional 27,195 shares during the quarter. Cetera Investment Advisers owned 7.26% of First Trust Active Factor Mid Cap ETF worth $5,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Prospera Financial Services Inc bought a new position in First Trust Active Factor Mid Cap ETF during the second quarter worth $308,000. Moors & Cabot Inc. lifted its position in shares of First Trust Active Factor Mid Cap ETF by 7.6% in the 2nd quarter. Moors & Cabot Inc. now owns 24,161 shares of the company’s stock worth $776,000 after buying an additional 1,700 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of First Trust Active Factor Mid Cap ETF in the 2nd quarter valued at about $325,000. Envestnet Asset Management Inc. grew its position in shares of First Trust Active Factor Mid Cap ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,402 shares of the company’s stock valued at $527,000 after buying an additional 718 shares during the last quarter. Finally, Prosperity Financial Group Inc. raised its stake in First Trust Active Factor Mid Cap ETF by 6.8% during the second quarter. Prosperity Financial Group Inc. now owns 27,000 shares of the company’s stock worth $867,000 after acquiring an additional 1,722 shares during the period.

First Trust Active Factor Mid Cap ETF Stock Up 2.3%

Shares of AFMC stock opened at $33.19 on Monday. The business has a 50 day moving average of $33.81 and a two-hundred day moving average of $32.86. First Trust Active Factor Mid Cap ETF has a 52 week low of $26.73 and a 52 week high of $35.09. The company has a market cap of $89.61 million, a P/E ratio of 13.94 and a beta of 1.05.

First Trust Active Factor Mid Cap ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.017 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%.

First Trust Active Factor Mid Cap ETF Company 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.