Sovran Advisors LLC Sells 17,196 Shares of First Trust Active Factor Mid Cap ETF $AFMC

Sovran Advisors LLC decreased its position in shares of First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 33.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,682 shares of the company’s stock after selling 17,196 shares during the quarter. Sovran Advisors LLC’s holdings in First Trust Active Factor Mid Cap ETF were worth $1,341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AFMC. Mariner LLC increased its stake in shares of First Trust Active Factor Mid Cap ETF by 0.9% in the 4th quarter. Mariner LLC now owns 42,030 shares of the company’s stock valued at $1,449,000 after buying an additional 369 shares during the period. Moors & Cabot Inc. lifted its stake in shares of First Trust Active Factor Mid Cap ETF by 1.6% during the third quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock valued at $842,000 after acquiring an additional 382 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of First Trust Active Factor Mid Cap ETF by 4.1% during the fourth quarter. Arkadios Wealth Advisors now owns 11,810 shares of the company’s stock valued at $407,000 after acquiring an additional 461 shares during the period. Prosperity Financial Group Inc. boosted its holdings in First Trust Active Factor Mid Cap ETF by 2.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 29,217 shares of the company’s stock valued at $1,007,000 after acquiring an additional 737 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in First Trust Active Factor Mid Cap ETF by 21.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock valued at $149,000 after acquiring an additional 813 shares during the last quarter.

First Trust Active Factor Mid Cap ETF Price Performance

Shares of AFMC stock opened at $40.31 on Monday. The firm has a market cap of $171.32 million, a price-to-earnings ratio of 13.94 and a beta of 1.00. First Trust Active Factor Mid Cap ETF has a 12 month low of $31.68 and a 12 month high of $41.09. The stock has a 50-day moving average price of $39.80 and a 200 day moving average price of $37.66.

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.