First Trust Active Factor International ETF (NASDAQ:AFDM) Stock Falls 1.1% – Should You Sell?

Shares of First Trust Active Factor International ETF (NASDAQ:AFDM) were down 1.1% during mid-day trading on Thursday. The stock traded as low as $88.48 and last traded at $88.61. Approximately 17,922 shares changed hands during trading, an increase of 249% from the average session volume of 5,132 shares. The stock had previously closed at $89.58.

First Trust Active Factor International ETF Stock Performance

The company has a market cap of $147.98 million, a P/E ratio of 12.09 and a beta of 0.80. The stock has a 50 day moving average price of $91.57 and a 200 day moving average price of $88.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in First Trust Active Factor International ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock valued at $14,944,000 after acquiring an additional 15,988 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Active Factor International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after purchasing an additional 29,804 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Active Factor International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after purchasing an additional 2,979 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of First Trust Active Factor International ETF by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock valued at $729,000 after purchasing an additional 4,726 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Active Factor International ETF in the 2nd quarter worth approximately $308,000.

About First Trust Active Factor International ETF

First Trust Active Factor International ETF (NASDAQ: AFDM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.