First Trust Active Factor International ETF (NASDAQ:AFDM) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

First Trust Active Factor International ETF (NASDAQ:AFDM)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $87.83 and traded as low as $87.12. First Trust Active Factor International ETF shares last traded at $87.12, with a volume of 3,225 shares traded.

First Trust Active Factor International ETF Price Performance

The firm’s fifty day moving average is $90.70 and its 200-day moving average is $87.83. The firm has a market cap of $145.49 million, a price-to-earnings ratio of 13.75 and a beta of 0.80.

Institutional Investors Weigh In On First Trust Active Factor International ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in shares of First Trust Active Factor International ETF in the first quarter worth about $37,000. Compass Financial Management LLC bought a new position in shares of First Trust Active Factor International ETF in the 2nd quarter worth about $197,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of First Trust Active Factor International ETF during the 1st quarter worth $230,000. Citadel Advisors LLC purchased a new position in shares of First Trust Active Factor International ETF during the second quarter worth about $308,000. Finally, GAMMA Investing LLC raised its holdings in shares of First Trust Active Factor International ETF by 136.2% during the third quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock valued at $729,000 after acquiring an additional 4,726 shares in the last quarter.

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.