Envestnet Asset Management Inc. Raises Holdings in First Trust Active Factor Large Cap ETF $AFLG

Envestnet Asset Management Inc. boosted its stake in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 746,048 shares of the company’s stock after buying an additional 21,213 shares during the period. Envestnet Asset Management Inc. owned 6.63% of First Trust Active Factor Large Cap ETF worth $28,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AFLG. GoalVest Advisory LLC bought a new position in shares of First Trust Active Factor Large Cap ETF in the 3rd quarter worth $160,000. IHT Wealth Management LLC purchased a new position in First Trust Active Factor Large Cap ETF in the second quarter valued at about $200,000. ABLE Financial Group LLC bought a new position in First Trust Active Factor Large Cap ETF in the third quarter worth about $203,000. First Trust Advisors LP purchased a new stake in shares of First Trust Active Factor Large Cap ETF during the second quarter valued at about $217,000. Finally, Asset Allocation Strategies LLC bought a new stake in shares of First Trust Active Factor Large Cap ETF in the 3rd quarter valued at about $219,000.

First Trust Active Factor Large Cap ETF Stock Down 1.7%

Shares of First Trust Active Factor Large Cap ETF stock opened at $40.13 on Friday. First Trust Active Factor Large Cap ETF has a 52-week low of $29.11 and a 52-week high of $41.05. The firm’s 50 day moving average price is $39.81 and its 200-day moving average price is $38.81. The company has a market cap of $481.56 million, a P/E ratio of 20.95 and a beta of 0.96.

First Trust Active Factor Large Cap ETF Profile

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