Lunt Capital Management Inc. Sells 16,425 Shares of First Trust Lunt U.S. Factor Rotation ETF $FCTR

Lunt Capital Management Inc. cut its stake in shares of First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 305,209 shares of the company’s stock after selling 16,425 shares during the period. First Trust Lunt U.S. Factor Rotation ETF comprises about 4.1% of Lunt Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Lunt Capital Management Inc. owned 0.16% of First Trust Lunt U.S. Factor Rotation ETF worth $10,838,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FCTR. Geneos Wealth Management Inc. grew its position in shares of First Trust Lunt U.S. Factor Rotation ETF by 9.1% in the second quarter. Geneos Wealth Management Inc. now owns 416,444 shares of the company’s stock valued at $14,155,000 after purchasing an additional 34,682 shares during the period. GeoWealth Management LLC raised its position in shares of First Trust Lunt U.S. Factor Rotation ETF by 4.9% during the 2nd quarter. GeoWealth Management LLC now owns 30,482 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,436 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new position in First Trust Lunt U.S. Factor Rotation ETF in the 2nd quarter valued at about $201,000. Goldman Sachs Group Inc. boosted its holdings in First Trust Lunt U.S. Factor Rotation ETF by 0.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,224 shares of the company’s stock worth $1,522,000 after buying an additional 353 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 3rd quarter worth about $188,000.

First Trust Lunt U.S. Factor Rotation ETF Trading Up 1.2%

BATS:FCTR opened at $37.05 on Thursday. The stock has a 50 day moving average of $37.09 and a two-hundred day moving average of $35.80. First Trust Lunt U.S. Factor Rotation ETF has a 12 month low of $27.46 and a 12 month high of $38.13. The firm has a market cap of $70.40 million, a P/E ratio of 30.34 and a beta of 1.10.

First Trust Lunt U.S. Factor Rotation ETF Profile

The First Trust Lunt U.S. Factor Rotation ETF (FCTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score FCTR was launched on Jul 25, 2018 and is managed by First Trust.