First Trust Active Factor International ETF (NASDAQ:AFDM) Shares Down 1.1% – Here’s What Happened

First Trust Active Factor International ETF (NASDAQ:AFDM)’s stock price traded down 1.1% on Thursday. The company traded as low as $88.48 and last traded at $88.61. 17,922 shares traded hands during mid-day trading, an increase of 249% from the average session volume of 5,132 shares. The stock had previously closed at $89.58.

First Trust Active Factor International ETF Trading Down 0.5%

The business’s 50-day simple moving average is $91.48 and its two-hundred day simple moving average is $88.91. The company has a market capitalization of $147.23 million, a PE ratio of 12.09 and a beta of 0.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in First Trust Active Factor International ETF by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock valued at $729,000 after purchasing an additional 4,726 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Active Factor International ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock valued at $14,944,000 after purchasing an additional 15,988 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of First Trust Active Factor International ETF in the 2nd quarter valued at approximately $308,000. Compass Financial Management LLC purchased a new position in shares of First Trust Active Factor International ETF during the 2nd quarter valued at approximately $197,000. Finally, Western Wealth Management LLC purchased a new position in shares of First Trust Active Factor International ETF during the 1st quarter valued at approximately $37,000.

About First Trust Active Factor International ETF

First Trust Active Factor International ETF (NASDAQ: AFDM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.