NewEdge Advisors LLC Sells 51,724 Shares of First Trust Active Factor Large Cap ETF $AFLG

NewEdge Advisors LLC trimmed its holdings in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 80.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,762 shares of the company’s stock after selling 51,724 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Active Factor Large Cap ETF were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in First Trust Active Factor Large Cap ETF by 226.6% in the first quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock worth $25,000 after acquiring an additional 451 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Active Factor Large Cap ETF by 192.5% during the first quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after purchasing an additional 460 shares during the period. Advisory Services Network LLC purchased a new stake in First Trust Active Factor Large Cap ETF during the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. lifted its stake in shares of First Trust Active Factor Large Cap ETF by 60.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock valued at $37,000 after purchasing an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of First Trust Active Factor Large Cap ETF by 205.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 989 shares of the company’s stock valued at $39,000 after purchasing an additional 665 shares during the last quarter.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of First Trust Active Factor Large Cap ETF stock opened at $44.44 on Tuesday. The stock has a market cap of $722.15 million, a price-to-earnings ratio of 20.95 and a beta of 0.95. The stock has a 50 day moving average price of $43.48 and a 200-day moving average price of $41.62. First Trust Active Factor Large Cap ETF has a one year low of $36.61 and a one year high of $44.49.

First Trust Active Factor Large Cap ETF Company 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.