Truist Financial Corp Sells 99,383 Shares of First Trust Active Factor Small Cap ETF $AFSM

Truist Financial Corp cut its stake in shares of First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) by 34.9% in the fourth quarter, Holdings Channel reports. The firm owned 185,167 shares of the company’s stock after selling 99,383 shares during the quarter. Truist Financial Corp owned 0.08% of First Trust Active Factor Small Cap ETF worth $6,088,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. James J. Burns & Company LLC acquired a new stake in shares of First Trust Active Factor Small Cap ETF during the fourth quarter worth $17,289,000. CWM LLC grew its stake in shares of First Trust Active Factor Small Cap ETF by 114.5% during the fourth quarter. CWM LLC now owns 336,481 shares of the company’s stock worth $11,064,000 after purchasing an additional 179,627 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of First Trust Active Factor Small Cap ETF by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 292,610 shares of the company’s stock worth $9,570,000 after purchasing an additional 8,514 shares during the period. Rockport Wealth LLC acquired a new stake in shares of First Trust Active Factor Small Cap ETF during the third quarter worth $2,095,000. Finally, IFG Advisory LLC grew its stake in shares of First Trust Active Factor Small Cap ETF by 4.2% during the third quarter. IFG Advisory LLC now owns 60,948 shares of the company’s stock worth $1,993,000 after purchasing an additional 2,447 shares during the period.

First Trust Active Factor Small Cap ETF Stock Up 1.0%

Shares of First Trust Active Factor Small Cap ETF stock opened at $37.70 on Friday. First Trust Active Factor Small Cap ETF has a 12 month low of $28.38 and a 12 month high of $38.08. The business has a fifty day simple moving average of $34.43 and a 200 day simple moving average of $33.77. The stock has a market cap of $94.25 million, a PE ratio of 13.11 and a beta of 1.04.

About First Trust Active Factor Small Cap ETF

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.