First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $91.76 and traded as high as $92.92. First Trust Active Factor Emerging Markets ETF shares last traded at $92.85, with a volume of 1,372 shares.

First Trust Active Factor Emerging Markets ETF Price Performance

The company has a market capitalization of $79.11 million, a PE ratio of 12.49 and a beta of 0.79. The firm’s fifty day simple moving average is $97.80 and its 200 day simple moving average is $91.86.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in First Trust Active Factor Emerging Markets ETF by 27.3% in the 1st quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock worth $70,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC grew its position in First Trust Active Factor Emerging Markets ETF by 67.2% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $310,000 after buying an additional 1,270 shares during the period. Farther Finance Advisors LLC increased its holdings in First Trust Active Factor Emerging Markets ETF by 56.8% in the third quarter. Farther Finance Advisors LLC now owns 9,648 shares of the company’s stock valued at $945,000 after buying an additional 3,495 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Active Factor Emerging Markets ETF by 6.1% in the first quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock valued at $2,346,000 after buying an additional 1,645 shares in the last quarter. Finally, Ferguson Shapiro LLC raised its position in shares of First Trust Active Factor Emerging Markets ETF by 126.6% in the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock worth $17,895,000 after acquiring an additional 121,708 shares during the period.

About First Trust Active Factor Emerging Markets ETF

First Trust Active Factor Emerging Markets ETF (NASDAQ: AFEM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries.

AFEM uses an actively managed, factor-based investment approach to evaluate potential investments across emerging markets. Its portfolio may emphasize companies displaying characteristics such as attractive valuation, strong momentum, favorable quality measures or other factors identified through the fund’s investment process.