World Equity Group Inc. Makes New Investment in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC)

World Equity Group Inc. purchased a new position in shares of First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,491 shares of the company’s stock, valued at approximately $273,000. World Equity Group Inc. owned 3.40% of First Trust Active Factor Mid Cap ETF at the end of the most recent reporting period.

Separately, Cambridge Investment Research Advisors Inc. bought a new stake in First Trust Active Factor Mid Cap ETF in the second quarter valued at about $2,814,000.

First Trust Active Factor Mid Cap ETF Trading Up 0.5 %

Shares of AFMC opened at $32.00 on Tuesday. The stock has a market cap of $8.00 million, a P/E ratio of 12.91 and a beta of 1.12. The stock’s 50-day moving average price is $31.69 and its two-hundred day moving average price is $30.42. First Trust Active Factor Mid Cap ETF has a 1 year low of $23.18 and a 1 year high of $32.95.

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.