Truist Financial Corp Sells 99,383 Shares of First Trust Active Factor Small Cap ETF $AFSM

Truist Financial Corp lowered its stake in shares of First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,167 shares of the company’s stock after selling 99,383 shares during the quarter. Truist Financial Corp owned approximately 8.23% of First Trust Active Factor Small Cap ETF worth $6,088,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AFSM. James J. Burns & Company LLC bought a new stake in First Trust Active Factor Small Cap ETF during the 4th quarter worth about $17,289,000. CWM LLC grew its holdings in First Trust Active Factor Small Cap ETF by 114.5% during the 4th quarter. CWM LLC now owns 336,481 shares of the company’s stock worth $11,064,000 after acquiring an additional 179,627 shares during the last quarter. Rockport Wealth LLC bought a new stake in First Trust Active Factor Small Cap ETF during the 3rd quarter worth about $2,095,000. Citadel Advisors LLC bought a new stake in First Trust Active Factor Small Cap ETF during the 3rd quarter worth about $1,418,000. Finally, JPMorgan Chase & Co. bought a new position in shares of First Trust Active Factor Small Cap ETF in the 3rd quarter valued at about $969,000.

First Trust Active Factor Small Cap ETF Trading Up 1.0%

Shares of NYSEARCA AFSM opened at $37.70 on Friday. The firm has a market capitalization of $94.25 million, a PE ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 1 year low of $28.38 and a 1 year high of $38.08. The firm’s 50-day moving average is $34.43 and its 200-day moving average is $33.77.

First Trust Active Factor Small Cap ETF Company Profile

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.