Kingsview Wealth Management LLC Has $8.90 Million Stock Position in First Trust Active Factor Large Cap ETF $AFLG

Kingsview Wealth Management LLC lifted its position in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 411.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,591 shares of the company’s stock after buying an additional 183,108 shares during the period. Kingsview Wealth Management LLC owned about 1.90% of First Trust Active Factor Large Cap ETF worth $8,899,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in First Trust Active Factor Large Cap ETF by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 746,048 shares of the company’s stock worth $28,954,000 after acquiring an additional 21,213 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Active Factor Large Cap ETF by 59.5% during the fourth quarter. Prospera Financial Services Inc now owns 381,443 shares of the company’s stock worth $14,914,000 after purchasing an additional 142,354 shares during the period. Assetmark Inc. raised its position in shares of First Trust Active Factor Large Cap ETF by 4.3% during the fourth quarter. Assetmark Inc. now owns 307,494 shares of the company’s stock worth $12,023,000 after purchasing an additional 12,768 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter valued at about $9,960,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Active Factor Large Cap ETF by 113,148.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,570 shares of the company’s stock valued at $8,546,000 after purchasing an additional 218,377 shares in the last quarter.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of AFLG opened at $43.86 on Friday. The stock has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $40.22. First Trust Active Factor Large Cap ETF has a 52-week low of $34.69 and a 52-week high of $43.91. The firm has a market capitalization of $631.58 million, a PE ratio of 20.95 and a beta of 0.96.

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.