Smith Moore & CO. Grows Holdings in First Trust Active Factor Large Cap ETF $AFLG

Smith Moore & CO. boosted its holdings in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 16.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 29,060 shares of the company’s stock after purchasing an additional 4,060 shares during the period. Smith Moore & CO.’s holdings in First Trust Active Factor Large Cap ETF were worth $1,055,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in First Trust Active Factor Large Cap ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 724,835 shares of the company’s stock valued at $26,319,000 after acquiring an additional 32,157 shares during the last quarter. Manchester Financial Inc. lifted its holdings in shares of First Trust Active Factor Large Cap ETF by 92.7% during the second quarter. Manchester Financial Inc. now owns 392,758 shares of the company’s stock worth $14,261,000 after purchasing an additional 188,987 shares during the period. Cetera Investment Advisers grew its position in First Trust Active Factor Large Cap ETF by 41.1% in the 2nd quarter. Cetera Investment Advisers now owns 302,560 shares of the company’s stock valued at $10,986,000 after buying an additional 88,100 shares during the last quarter. Assetmark Inc. raised its position in First Trust Active Factor Large Cap ETF by 25.0% during the 2nd quarter. Assetmark Inc. now owns 283,808 shares of the company’s stock worth $10,305,000 after buying an additional 56,723 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of First Trust Active Factor Large Cap ETF in the 2nd quarter worth $7,072,000.

First Trust Active Factor Large Cap ETF Stock Down 0.4%

Shares of First Trust Active Factor Large Cap ETF stock opened at $39.29 on Tuesday. The firm has a market cap of $443.98 million, a price-to-earnings ratio of 20.95 and a beta of 0.96. First Trust Active Factor Large Cap ETF has a 52-week low of $29.11 and a 52-week high of $39.60. The company’s 50-day simple moving average is $38.79 and its 200-day simple moving average is $37.36.

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.