RFG Advisory LLC Makes New Investment in First Trust Active Factor Mid Cap ETF $AFMC

RFG Advisory LLC acquired a new position in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,505 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. World Equity Group Inc. raised its stake in First Trust Active Factor Mid Cap ETF by 506.1% in the 2nd quarter. World Equity Group Inc. now owns 163,088 shares of the company’s stock worth $5,240,000 after purchasing an additional 136,179 shares in the last quarter. Sovran Advisors LLC raised its stake in First Trust Active Factor Mid Cap ETF by 133.9% in the 2nd quarter. Sovran Advisors LLC now owns 43,289 shares of the company’s stock worth $1,407,000 after purchasing an additional 24,784 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in First Trust Active Factor Mid Cap ETF in the 1st quarter worth about $117,000. PKS Advisory Services LLC acquired a new stake in First Trust Active Factor Mid Cap ETF in the 1st quarter worth about $1,044,000. Finally, Kestra Advisory Services LLC raised its stake in First Trust Active Factor Mid Cap ETF by 5.0% in the 1st quarter. Kestra Advisory Services LLC now owns 74,327 shares of the company’s stock worth $2,264,000 after purchasing an additional 3,522 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Trading Down 1.0%

Shares of NYSEARCA:AFMC opened at $33.49 on Friday. The firm has a 50 day moving average of $33.74 and a 200-day moving average of $32.00. The stock has a market capitalization of $90.42 million, a PE ratio of 13.94 and a beta of 1.02. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $35.09.

First Trust Active Factor Mid Cap ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.017 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%.

About First Trust Active Factor Mid Cap ETF

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.