Sovran Advisors LLC Sells 17,196 Shares of First Trust Active Factor Mid Cap ETF $AFMC

Sovran Advisors LLC trimmed its holdings in shares of First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 33.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,682 shares of the company’s stock after selling 17,196 shares during the period. Sovran Advisors LLC owned 0.88% of First Trust Active Factor Mid Cap ETF worth $1,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AFMC. Mariner LLC boosted its stake in First Trust Active Factor Mid Cap ETF by 0.9% in the fourth quarter. Mariner LLC now owns 42,030 shares of the company’s stock worth $1,449,000 after purchasing an additional 369 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of First Trust Active Factor Mid Cap ETF by 1.6% in the third quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock valued at $842,000 after buying an additional 382 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 4.1% in the fourth quarter. Arkadios Wealth Advisors now owns 11,810 shares of the company’s stock valued at $407,000 after buying an additional 461 shares during the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 2.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 29,217 shares of the company’s stock valued at $1,007,000 after buying an additional 737 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 21.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock valued at $149,000 after buying an additional 813 shares during the last quarter.

First Trust Active Factor Mid Cap ETF Price Performance

Shares of NYSEARCA AFMC opened at $40.31 on Monday. First Trust Active Factor Mid Cap ETF has a 12-month low of $31.68 and a 12-month high of $41.09. The firm’s 50-day simple moving average is $39.80 and its 200 day simple moving average is $37.66. The company has a market cap of $171.32 million, a price-to-earnings ratio of 13.94 and a beta of 1.00.

First Trust Active Factor Mid Cap ETF Company Profile

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.