World Equity Group Inc. Sells 151,189 Shares of First Trust Active Factor Mid Cap ETF $AFMC

World Equity Group Inc. decreased its holdings in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) by 92.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,899 shares of the company’s stock after selling 151,189 shares during the quarter. World Equity Group Inc. owned about 0.44% of First Trust Active Factor Mid Cap ETF worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in First Trust Active Factor Mid Cap ETF in the first quarter worth about $117,000. Prospera Financial Services Inc purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 2nd quarter worth approximately $308,000. Arkadios Wealth Advisors bought a new position in shares of First Trust Active Factor Mid Cap ETF in the 2nd quarter worth approximately $325,000. OxenFree Capital LLC lifted its stake in shares of First Trust Active Factor Mid Cap ETF by 4.2% in the 3rd quarter. OxenFree Capital LLC now owns 11,773 shares of the company’s stock valued at $403,000 after purchasing an additional 476 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the 2nd quarter valued at approximately $454,000.

First Trust Active Factor Mid Cap ETF Stock Up 0.8%

Shares of AFMC stock opened at $35.96 on Friday. The stock has a market cap of $102.49 million, a price-to-earnings ratio of 13.94 and a beta of 1.05. The business’s fifty day moving average is $34.41 and its 200 day moving average is $33.68. First Trust Active Factor Mid Cap ETF has a twelve month low of $26.73 and a twelve month high of $36.02.

First Trust Active Factor Mid Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1568 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02.

First Trust Active Factor Mid Cap ETF 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.