NewEdge Advisors LLC Trims Stock Position in First Trust Active Factor Large Cap ETF $AFLG

NewEdge Advisors LLC decreased its holdings in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 80.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,762 shares of the company’s stock after selling 51,724 shares during the quarter. NewEdge Advisors LLC owned 0.09% of First Trust Active Factor Large Cap ETF worth $492,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AFLG. Assetmark Inc. boosted its stake in shares of First Trust Active Factor Large Cap ETF by 4.3% during the 4th quarter. Assetmark Inc. now owns 307,494 shares of the company’s stock worth $12,023,000 after acquiring an additional 12,768 shares during the last quarter. Ignite Planners LLC purchased a new stake in shares of First Trust Active Factor Large Cap ETF in the 4th quarter worth $553,000. MGO One Seven LLC bought a new position in First Trust Active Factor Large Cap ETF in the 4th quarter worth $3,419,000. Prospera Financial Services Inc raised its holdings in First Trust Active Factor Large Cap ETF by 59.5% in the 4th 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. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust Active Factor Large Cap ETF by 113,148.7% during the fourth 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

NYSEARCA:AFLG opened at $44.44 on Tuesday. The stock has a 50-day simple moving average of $43.48 and a two-hundred day simple moving average of $41.62. The firm has a market capitalization of $722.15 million, a PE ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a 52-week low of $36.61 and a 52-week high of $44.49.

About First Trust Active Factor Large Cap ETF

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.