RFG Advisory LLC Sells 23,972 Shares of First Trust Active Factor Mid Cap ETF $AFMC

RFG Advisory LLC lessened its stake in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 65.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,533 shares of the company’s stock after selling 23,972 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Active Factor Mid Cap ETF were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Active Factor Mid Cap ETF by 30.0% in the third quarter. Envestnet Asset Management Inc. now owns 21,322 shares of the company’s stock worth $732,000 after buying an additional 4,920 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of First Trust Active Factor Mid Cap ETF in the 3rd quarter worth $361,000. Sovran Advisors LLC increased its holdings in shares of First Trust Active Factor Mid Cap ETF by 27.5% in the 3rd quarter. Sovran Advisors LLC now owns 55,193 shares of the company’s stock worth $1,850,000 after purchasing an additional 11,904 shares in the last quarter. FSB Premier Wealth Management Inc. purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the third quarter worth $653,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of First Trust Active Factor Mid Cap ETF by 12.2% during the third quarter. Arkadios Wealth Advisors now owns 11,349 shares of the company’s stock valued at $389,000 after purchasing an additional 1,235 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Price Performance

First Trust Active Factor Mid Cap ETF stock opened at $37.37 on Friday. First Trust Active Factor Mid Cap ETF has a one year low of $26.73 and a one year high of $37.88. The business’s fifty day moving average is $35.81 and its 200 day moving average is $34.38. The stock has a market capitalization of $115.85 million, a PE ratio of 13.94 and a beta of 1.05.

First Trust Active Factor Mid Cap ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1568 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02.

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.