IFP Advisors Inc Boosts Stock Position in First Trust Active Factor Large Cap ETF $AFLG

IFP Advisors Inc increased its stake in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 33.8% in the second quarter, HoldingsChannel reports. The firm owned 65,992 shares of the company’s stock after buying an additional 16,681 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Active Factor Large Cap ETF were worth $2,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gentry Private Wealth LLC grew its holdings in First Trust Active Factor Large Cap ETF by 0.9% in the 2nd quarter. Gentry Private Wealth LLC now owns 57,949 shares of the company’s stock valued at $2,104,000 after buying an additional 522 shares during the period. Truist Financial Corp grew its holdings in First Trust Active Factor Large Cap ETF by 50.1% in the 2nd quarter. Truist Financial Corp now owns 58,720 shares of the company’s stock valued at $2,132,000 after buying an additional 19,611 shares during the period. Janney Montgomery Scott LLC grew its holdings in First Trust Active Factor Large Cap ETF by 15.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,202 shares of the company’s stock valued at $1,750,000 after buying an additional 6,294 shares during the period. Traction Financial Partners LLC purchased a new stake in First Trust Active Factor Large Cap ETF in the 2nd quarter valued at about $461,000. Finally, Boyce & Associates Wealth Consulting Inc. grew its holdings in First Trust Active Factor Large Cap ETF by 23.3% in the 2nd quarter. Boyce & Associates Wealth Consulting Inc. now owns 53,813 shares of the company’s stock valued at $1,958,000 after buying an additional 10,178 shares during the period.

First Trust Active Factor Large Cap ETF Price Performance

AFLG opened at $37.90 on Friday. The stock has a market capitalization of $413.11 million, a price-to-earnings ratio of 20.95 and a beta of 0.98. The business has a 50-day moving average of $37.99 and a two-hundred day moving average of $35.78. First Trust Active Factor Large Cap ETF has a 12 month low of $29.11 and a 12 month high of $39.23.

First Trust Active Factor Large Cap ETF Company Profile

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.