Brookwood Investment Group LLC Reduces Stock Position in First Trust Active Factor Mid Cap ETF $AFMC

Brookwood Investment Group LLC lessened its stake in shares of First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 38.1% in the second quarter, HoldingsChannel reports. The firm owned 40,119 shares of the company’s stock after selling 24,735 shares during the quarter. Brookwood Investment Group LLC’s holdings in First Trust Active Factor Mid Cap ETF were worth $1,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 1st quarter worth about $29,000. Harbour Investments Inc. boosted its stake in First Trust Active Factor Mid Cap ETF by 70.5% in the 1st quarter. Harbour Investments Inc. now owns 2,648 shares of the company’s stock worth $81,000 after buying an additional 1,095 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in First Trust Active Factor Mid Cap ETF in the 1st quarter worth about $117,000. Ameritas Advisory Services LLC acquired a new stake in First Trust Active Factor Mid Cap ETF in the 1st quarter worth about $210,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in First Trust Active Factor Mid Cap ETF in the 2nd quarter worth about $454,000.

First Trust Active Factor Mid Cap ETF Trading Up 0.6%

Shares of NYSEARCA:AFMC opened at $34.19 on Monday. The stock’s 50-day moving average price is $33.86 and its two-hundred day moving average price is $32.26. First Trust Active Factor Mid Cap ETF has a 12-month low of $26.73 and a 12-month high of $35.09. The firm has a market cap of $92.31 million, a price-to-earnings ratio of 13.94 and a beta of 1.02.

First Trust Active Factor Mid Cap ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.017 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 25th.

First Trust Active Factor Mid Cap ETF Company Profile

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.