First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Shares Cross Above 50-Day Moving Average – Time to Sell?

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $31.09 and traded as high as $33.51. First Trust Active Factor Small Cap ETF shares last traded at $33.18, with a volume of 43,413 shares.

First Trust Active Factor Small Cap ETF Trading Up 1.6 %

The firm has a 50-day moving average of $31.09 and a two-hundred day moving average of $29.81. The firm has a market cap of $11.61 million, a price-to-earnings ratio of 9.82 and a beta of 1.14.

Hedge Funds Weigh In On First Trust Active Factor Small Cap ETF

Several large investors have recently bought and sold shares of the stock. World Equity Group Inc. acquired a new stake in First Trust Active Factor Small Cap ETF in the 3rd quarter worth $291,000. Stratos Wealth Advisors LLC acquired a new stake in First Trust Active Factor Small Cap ETF during the third quarter worth about $401,000. Boyce & Associates Wealth Consulting Inc. increased its stake in First Trust Active Factor Small Cap ETF by 20.4% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 32,827 shares of the company’s stock valued at $1,012,000 after acquiring an additional 5,569 shares during the period. Finally, Beacon Financial Advisory LLC acquired a new position in First Trust Active Factor Small Cap ETF in the 2nd quarter valued at approximately $4,082,000.

About First Trust Active Factor Small Cap ETF

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.