First Trust Active Factor International ETF (NASDAQ:AFDM) Stock Falls 1.1% – Should You Sell?

by · The Cerbat Gem

First Trust Active Factor International ETF (NASDAQ:AFDM – Get Free Report) dropped 1.1% during trading on Thursday. The company traded as low as $88.48 and last traded at $88.61. 17,922 shares were traded during mid-day trading, an increase of 249% from the average daily volume of 5,132 shares. The stock had previously closed at $89.58.

First Trust Active Factor International ETF Trading Down 1.1%

The firm has a 50-day simple moving average of $91.57 and a two-hundred day simple moving average of $88.88. The company has a market capitalization of $147.98 million, a price-to-earnings ratio of 12.09 and a beta of 0.80.

Institutional Investors Weigh In On First Trust Active Factor International ETF

Several large investors have recently made changes to their positions in AFDM. Envestnet Asset Management Inc. increased its holdings in First Trust Active Factor International ETF by 10.3% in the second quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock worth $14,944,000 after buying an additional 15,988 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Active Factor International ETF by 21.5% during the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after acquiring an additional 29,804 shares in the last quarter. GAMMA Investing LLC raised its position in First Trust Active Factor International ETF by 136.2% during the third quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock valued at $729,000 after acquiring an additional 4,726 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in First Trust Active Factor International ETF during the first quarter valued at approximately $230,000. Finally, Citadel Advisors LLC acquired a new stake in First Trust Active Factor International ETF in the second quarter valued at approximately $308,000.

About First Trust Active Factor International ETF

(Get Free Report)

First Trust Active Factor International ETF (NASDAQ: AFDM) 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 international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.

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