Moors & Cabot Inc. Makes New Investment in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC)

Moors & Cabot Inc. purchased a new stake in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,533 shares of the company’s stock, valued at approximately $396,000. Moors & Cabot Inc. owned approximately 5.01% of First Trust Active Factor Mid Cap ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Equity Group Inc. grew its position in First Trust Active Factor Mid Cap ETF by 183.3% in the fourth quarter. World Equity Group Inc. now owns 24,058 shares of the company’s stock valued at $760,000 after purchasing an additional 15,567 shares in the last quarter. EWG Elevate Inc. bought a new position in shares of First Trust Active Factor Mid Cap ETF in the 4th quarter valued at about $683,000. Prosperity Financial Group Inc. grew its holdings in shares of First Trust Active Factor Mid Cap ETF by 13.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 22,130 shares of the company’s stock valued at $713,000 after acquiring an additional 2,653 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of First Trust Active Factor Mid Cap ETF by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,482 shares of the company’s stock valued at $78,000 after acquiring an additional 736 shares during the last quarter.

First Trust Active Factor Mid Cap ETF Stock Performance

Shares of NYSEARCA AFMC opened at $30.17 on Friday. The stock has a 50 day moving average price of $32.11 and a 200 day moving average price of $32.32. The stock has a market capitalization of $40.73 million, a PE ratio of 14.71 and a beta of 1.12. First Trust Active Factor Mid Cap ETF has a 52 week low of $27.93 and a 52 week high of $35.09.

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.